__ Bulldog75: 12:30pm CST: FOLLOW THE MONEY: OUR OVEN IS BAKING AT 440 USA DEGREES. WE STAY OPTIMISTIC AND PATIENT. THIS WILL HAPPEN. THE WORLD DEPENDS UPON IT. WE ARE BLESSED AND IN THE KNOWLEDGE OF DIVINE INTERVENTION. AMEN. KEEP AN EYE ON THIS:
(Reuters) - The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People's Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.
The yuan is expected to remain stable or rise slightly in the last week of the year to close 2011 near 6.30 versus the dollar, in line with market expectations. The currency is likely to continue to appreciate next year as China continues to post big trade surpluses despite a slowdown in exports and amid pressure from the United States to let the yuan rise to balance bilateral trade, traders said.
But the yuan's appreciation is likely to slow to around 3 percent in 2012, with much of the rise seen in the second half of next year as China may keep the yuan relatively stable in the first half to assess the impact of the euro zone crisis, they said.
Bulldog75: FOLLOW THE WORLD'S MONEY.
Bulldog75: PAY NO ATTENTION TO THE OTHER FRIVOLOUS RUMORS. LET NO MAN MIS-LEAD U. BE PATIENT AND WISE. IN GOD WE TRUST. AMEN.
Bulldog75: OUR CONSCIOUS MINDS BRINGS TO FRUITION THE IQD RE-VALLUATION. NO FRETTING OR SWEATING. WE GO ABOUT OUR DAILY CHORES KNOWING OUR GOD PROVIDES! AMEN. HAVE A GREAT DAY!