The Yuan Moves, Asia Follows

摘要

As China prepares to revalue the yuan, other Asian currencies are strengthening in anticipation. When Beijing makes its move, they'll probably rise even more. "A Chinese appreciation will kick off tightening in the whole Asian complex of currencies," says Richard Benson, who oversees $14 billion in currency funds at Millennium Asset Management in London.rnMarkets have seen this before. In 2005, the last time Beijing relaxed its foreign currency regime, the Singapore dollar, Indonesian rupiah, and Malaysian ringgit all climbed faster than the yuan.