A spate of revisions on forecasts of the timing of the revaluation of China’s currency has sparked some cat-fighting among investment banks, Tom Legg points to a HK Standard report:

Some of the most aggressive investment bank forecasts of a yuan revaluation are being pushed back in the wake of a growing spat over textiles between China and its key trade partners. …
Some skeptical analysts, however, say the banks are simply using the trade row as an excuse to cover up past misreadings of policy intentions of the central government.
They insist Beijing never intended to revalue last month, does not plan to do so for several months to come and that the entire situation was misjudged.

Macroblog also has a good post, offering yet another forecast on the scale of the probable revaluation.