FED bơm thêm 30 tỷ USD ứng phó với khủng hoảng tín dụng

cái tin đó đã được dự đoán lâu rồi. Tung USD vào thì lại càng làm cho nó giảm mạnh. Khi đó thì đừng hòng NHNN mua thêm USD nhé. Trung Quốc đã chính thức đa dạng hoá dự trữ ngoại tệ, còn OPEC thì quyết định chuyển sang thanh toán dầu bằng Euro.

Yuan Rises After Biggest Drop in Month as China Shifts Targets

By Kim Kyoungwha

Feb. 14 (Bloomberg) -- The yuan rebounded from the biggest decline in a month against the dollar, fueling speculation that the Chinese central bank is increasingly considering the performance of the yen and the euro when managing its currency.

The currency climbed, after dropping as much as 0.6 percent yesterday, as the Securities Journal cited unnamed experts saying it will appreciate against major currencies this year. Since ending a dollar peg in 2005, the yuan has risen 15 percent as the central bank has allowed it to float with reference to the exchange-rates of its leading trading partners.

``There''s a new strategy in play of faster appreciation and increasing use of the effective exchange rate as a target, rather than just the dollar,'''' said Stephen Green, head of research with Standard Chartered in Shanghai. ``This does not mean appreciation every day. We are looking for more volatility.''''

The yuan rose 0.1 percent to 7.1900 per dollar as of 11:35 a.m. in Shanghai, from 7.2000 yesterday, according to China Foreign Exchange Trade System. It has gained 1.6 percent this year against the dollar, after rising about 7 percent last year, and 3.4 percent in 2006.

The yuan''s gains have been limited against other currencies. The Westpac Nominal Effective Exchange Rate, a trade-weighted index for the yuan, climbed 0.8 percent this year, after a 3.4 percent gain last year.

The central bank will focus on a trade-weighted ``effective'''' exchange rate of the yuan instead of targeting only the rate versus the U.S. dollar, the state-owned Chinese- language paper said.

G-7 Calls

Finance ministers and central bankers from Group of Seven countries, who gathered in Tokyo over the weekend, called for faster currency gains to reduce trade imbalances.

``The G-7 statement is a little bit less harsh in calling for further flexibility,'''' said Emmanuel Ng, a currency strategist at Oversea-Chinese Banking Corp. based in Singapore. ``Offshore market players are still looking very strongly for the renminbi to continue to appreciate.''''

The yuan is a denomination of China''s currency the renminbi. Chinese authorities ``would be comfortable with an 8 to 10 percent'''' appreciation for 2008, Ng said.

The yuan will rally to 6.75 per dollar by the end of 2008, according to the median estimate of 27 analysts surveyed by Bloomberg News. Forward contracts show traders are betting on an 8.9 percent advance to 6.60 in the next 12 months.

Lehman Brothers Holdings Inc. yesterday cut its economic growth forecast for China and said inflation may jump to an 11- year high. It reduced its first-quarter growth forecast for China to 9 percent from 10.7 percent.