Sunday, May 20, 2007

Markets on China vigil as G8 avoids FX, surprises

(Reuters) - The two-day meeting, which ended on Saturday, was
overshadowed by Friday's surprise move by China to widen the
yuan's trading band and raise interest rates ahead of key
U.S.-China talks on trade tensions next week.




U.S. Treasury Secretary Henry Paulson was absent from the
meeting in Potsdam and no minister attended from France -- where
President Nicolas Sarkozy had appointed a new cabinet only on
Friday -- making the meeting a low-key affair.


Read more at Reuters.com Bonds News

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