China’s yuan is facing increasing pressure to appreciate because of a widening interest-rate differential, the country’s top currency regulator said in a statement. Speculative capital is flowing into China disguised as foreign direct investment and trade accounts through “underground money shops,” Yi Gang, head of the State Administration of Foreign Exchange, said at a briefing in Beijing [...]

China, forex, Interest rates, UK Hide

WASHINGTON: The US Federal Reserve is expected to hike benchmark interest rates within six months as the economy recovers from one of the most brutal recessions, a poll among economists showed Monday. When asked what monetary policy posture they would prefer in the next six months, 63 per cent of 203 economists of the National [...]

federal reserve, Interest rates, recovery, US Hide