currency renminbi

US Says China Yuan Undervalued, But Not Manipulated

While the U.S. Treasury Department has ruled that the Chinese government is not manipulating its currency, it still maintains that China must allow its currency to appreciate more quickly. From Reuters: Although the Obama...

China Yuan Up Late On 5th Straight Record-Low Fixing

After six continuous days of increases, the Chinese yuan has reached a new high of about 6.54 yuan to 1 dollar, closing the week off at a record high. From Wall Street Journal: China’s yuan rose to a fresh high against the...

G-7 Ministers Renew Pressure on China

From Associated Press via Forbes Finance ministers and central bank governors from the Group of Seven nations, meeting for the final time this year, singled out China in their closing statement as they warned about excess volatility and disorderly movements in exchange rates. The statement was stronger than the group’s communique following its September meeting, […]



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