China says will "strengthen" yuan’s trading flexibility

photoSHANGHAI (Reuters) – China will make the yuan more flexible in either direction and recent reforms to make the currency more market-oriented have begun to achieve some results, Premier Wen Jiabao said on Saturday. The comments probably do not signal an imminent widening of the yuan’s daily trading band, but they underscore Beijing’s intention to introduce two-way fluctuations in the yuan to dampen expectations that China’s currency could only appreciate. …