Barclays currency strategists Peter Redward and Kumar Rachapudi wrote that the Chinese government tend to rev up appreciation of the yuan ahead of the annual US-China Strategic and EconomicDialogue, which will take place in Washington May 9 and 10.
U.S. Treasury Secretary Henry Paulson has made energy and financial market reform in China a focus of the "Strategic EconomicDialogue" between Washington and Beijing.
Treasury Secretary Henry Paulson has also begun a "strategic economicdialogue" with China, aimed at bolstering capital markets in that country and encouraging U.S. investment there.