China could ease dollar currency peg says 'Dr Doom' - papers

China could end its near two-year currency peg on the dollar as soon as next month, according to respected economist Professor Nouriel Roubini.

Prof Roubini - known as "Dr Doom" due to his pessimistic take on the global economic outlook - believes the Chinese central bank could let the yuan appreciate as soon as the second quarter, the Telegraph reports. Prof Roubini believes the Beijing government will authorise a 2% increase against the dollar initially, followed by a further 1%-2% strengthening over the next 12 months. "They will move by a token amount. The world is much cloudier in every dimension. They are super cautious," Prof Roubini says. If Beijing were to allow the yuan to rise against the dollar, it would be the...