LONDON (Reuters) - Goldman Sachs has upped its 12-month yuan/dollar exchange rate forecast to 6.20 yuan from 6.45 previously, predicting that trade relations with the United States would limit China’s ability to weaken its currency. U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo In a note received on Wednesday, the bank said it had also raised its 3-month yuan forecast to 6.30 yuan from 6.35 CNY= earlier, while changing the 6-month forecast to 6.25 from a previous 6.40. Goldman Sachs analysts said in a research note that “the renewed focus on trade relations with the US...(and) the desire to facilitate local currency bond inclusion in international benchmarks” would offset slower Chinese growth and authorities’ uncomfortableness with further yuan appreciation. The yuan is currently trading at 6.28 versus the dollar, having rallied...
Major Hamza Al Mustapha was the Chief Security Officer of Gen. Sani Abacha, former Nigeria military head of state from November 1993 to his death in June 1998. Quote "When I got to the bedside of the Head of State, he was already gasping. Ordinarily, I could not just touch him. It was not allowed in our job. But under the situation on ground, I knelt close to him and shouted, “General Sani Abacha, Sir, please grant me permission to touch and carry you.” Contrary to insinuations, speculations and sad rumours initiated by some sections of the society, I maintain that the sudden collapse of the health system of the late Head of State started previous day (Sunday, 7th June, 1998) right from the Abuja International Airport immediately after one of the white security operatives or personnel who accompanied President Yasser Arafat of Palestine shook hands with him (General Abacha) I had noticed the change in the countenance of the late Commander-in-Chief and informed the Aide...
Comments
Post a Comment