The Chinese yuan rose to the highest since the dollar peg was ended more than 2-years ago on speculation the Peoples Bank of China will again increase interest rates in an attempt to slow down its overheating economy. Barchart reports that the yuan rose to 7.4847, the highest since its revaluation in July 2005, as China's Q3 GDP rose +11.5% from a year earlier after expanding by +11.9% in Q2, the fastest pace in 12-years. Inflation in China rose to +6.2% in September, more than double the PBOC's target, and its stock market has almost quadrupled in value in the past year and the Shanghai Composite is up sixfold in the last two years. The PBOC is under increasing pressure to slow economic growth and curb asset bubbles plaguing its financial markets.