{"id":1411,"date":"2014-11-11T07:09:40","date_gmt":"2014-11-11T12:09:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1411"},"modified":"2014-11-11T07:09:40","modified_gmt":"2014-11-11T12:09:40","slug":"yuan-strength-seen-as-message-to-obama-as-talks-loom-currencies-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1411","title":{"rendered":"Yuan Strength Seen as Message to Obama as Talks Loom: Currencies &#8211; Bloomberg"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-11-11\/yuan-strength-seen-as-message-to-obama-as-talks-loom-currencies.html\">Yuan Strength Seen as Message to Obama as Talks Loom: Currencies &#8211; Bloomberg<\/a>.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\"><a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/china\/\">China<\/a>\u00a0is using the\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/yuan\/\">yuan<\/a>\u00a0to make the case that it\u2019s a responsible economic powerhouse before President Xi Jinping meets\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/barack-obama\/\">Barack Obama<\/a>\u00a0in Beijing tomorrow.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">The People\u2019s Bank of China yesterday raised its yuan\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/reference-rate\/\">reference rate<\/a>\u00a0by the most since 2010. In doing so, strategists say it\u2019s distancing itself from the stimulus policies of<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/japan\/\">Japan<\/a>\u00a0and the euro region, which have resulted in the kind of currency weakness that\u2019s attracted the ire of U.S. officials concerned about unfair trading practices.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">\u201cWith the depreciation in the yen, Xi wants China to be providing some stability in an environment of general weakness,\u201d\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/tim-condon\/\">Tim Condon<\/a>, the head of Asian research at ING Groep NV in\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/singapore\/\">Singapore<\/a>, said yesterday by phone. \u201cIt\u2019s more about stability than strengthening.\u201d<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">Whether or not a stronger currency is the goal, a higher exchange rate may help policy makers promote the yuan as a currency of global trade to rival the dollar and euro. With Xi due to meet the U.S. president at the Asia-Pacific Economic Cooperation forum, an appreciating yuan may also help assuage American criticism that China derives an unfair economic advantage from an artificially weak currency.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yuan Strength Seen as Message to Obama as Talks Loom: Currencies &#8211; Bloomberg. China\u00a0is using the\u00a0yuan\u00a0to make the case that it\u2019s a responsible economic powerhouse before President Xi Jinping meets\u00a0Barack Obama\u00a0in Beijing tomorrow. The People\u2019s Bank of China yesterday raised its yuan\u00a0reference rate\u00a0by the most since 2010. In doing so, strategists say it\u2019s distancing itself [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[130,679,839,1031],"class_list":["post-1411","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-reserve-currency","tag-us-dollar","tag-yuan"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1411"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1411\/revisions"}],"predecessor-version":[{"id":1412,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1411\/revisions\/1412"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}