Yuan eases in NDFs

Posted by 7Star Tuesday, February 2, 2010

The yuan eased in the benchmark offshore non-deliverable forwards (NDFs) on Monday, mainly driven by the dollar's global strength but dealers said Sino-US tensions on arms sales to Taiwan were also a factor. "Overseas investors are worried that the tensions would make China take an even harder line on keeping the yuan stable," said a dealer at a European bank in Shanghai.

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