Monday, July 14, 2008

China official media signals yuan gains could slow (Trina Solar TSL)

Maybe there's a third-quarter bump for Trina in this story from MarketWatch:
A report in official Chinese government media Monday signaled that the yuan's appreciation against the U.S. dollar could slow, as the stronger Chinese currency threatens exports.

A front page commentary in the official China Securities Journal, the official publication of the Chinese government's market regulatory agencies, said the yuan will maintain its uptrend through next month's Beijing Olympic Games, but cited experts who predicted the gains will slow after that....MORE