Saturday, December 31, 2011

U.S. Treasury Declines to Name China a Currency Manipulator

December 30, 2011, 1:17 PM EST By Ian Katz and Cheyenne Hopkins Dec. 27 (Bloomberg) -- The Obama administration declined to brand China a currency manipulator while saying appreciation of the yuan is insufficient and pledging to push for more ?flexibility? in the currency. ?Over the past decade, China has resisted very strong market pressures? for appreciation of the yuan, the Treasury Department said today in a report to Congress on foreign- exchange markets. ?China?s real effective exchange...

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Source: http://dailyme.com/story/2011123000002540

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