0304 GMT [Dow Jones] China's unexpectedly positive trade figures for April is good news for the yuan. "I think the depreciation is over," CIMB economist Fan Zhang says in Shanghai. The yuan "will have a chance to appreciate to some extent in the spot market." Spot rates in the forex market seem to have turned a corner in the past few days after two months of weakness. Exports were up 0.9% year over year against expectations of a fall. (richard.silk@dowjones.com)
(END) Dow Jones Newswires
May 07, 2014 23:04 ET (03:04 GMT)
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