Investor dollar confidence falls

Confidence in US dollar-dominated assets has "weakened significantly", and the willingness to sell US dollars has grown, AFP reported, citing a People's Bank of China survey. The central bank study showed 37% of respondents were selling dollars against 33.5% who were saving them. The survey also found that Chinese residents sold dollars for yuan after the July 21 revaluation despite Beijing's raising of US dollar deposit interest rates three times to dampen expectations of a rising yuan.