Quotes by Qing Wang

“Although the Peoples Bank of China will retain the ability to heavily influence the exchange rate, more flexibility will likely present in coming weeks.”

“The end of quantitative easing will definitely be yen positive. Government bond yields are going to rise and that increases the attraction of the yen.”

“It makes a lot of sense for the authorities to allow for more volatility and faster appreciation. This is consistent with what the authorities have been saying, that they will allow more flexibility in the currency, especially in light of economic and political pressure from the U.S. and European Union.”

“They will allow more flexibility in the currency, especially in light of economic and political pressure from the U.S. and European Union.”

“The yuan has moved more closely in sync with the overall performance of the regions currencies against the US dollar.”

“Weve seen the yuan go stronger even as the dollar had a big move up in its last trading session. Thats abnormal and its probably because the authorities are trying to use it for political effect.”

“In this light, we believe the pace of appreciation will likely be rather moderate in the coming weeks.”

“Authorities are opting for direct monetary policy instruments instead of allowing faster appreciation of the yuan to achieve the tightening effect. The pace of yuan appreciation will likely be rather moderate in the coming weeks.”