China yuan slips in offshore forwards after quake
Source: Reuters
SINGAPORE, May 12 (Reuters) - The Chinese yuan slipped in offshore non-deliverable forwards against the U.S. dollar after a strong earthquake in southwestern China's Sichuan province. One-month NDFs <CNY1MNDFOR=> moved to 6.9830 per dollar, from around 6.9740 before the news of the quake. The latest level prices in an appreciation of just 0.04 percent from the spot rate of 6.9860. Shanghai's main stock index <.SSEC> fell around 1 percent after the news of the quake, although it closed up 0.37 percent on the day. <For quake story double click here............[ID:nSP239734] (Reporting by Vidya Ranganathan; Editing by Neil Fullick)
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