China May Float Yuan After Games: Analyst – Christina Soon

From Shanghai Daily:

China may allow the yuan to trade freely after Beijing hosts the Olympics next year, seeking to curb excessive lending and cool the economy, said Suan Teck Kin, an economist at United Overseas Bank Ltd.

Suan predicts the currency will strengthen 1.8 percent by the end of the year to 7.43 per US dollar and reach 7.08 by the end of 2008….[Full Text]

Photo from China Daily: A clerk counting 100-yuan banknotes.