July 09, 2010 at 08:15 AM EDT
U.S. Says Yuan Undervalued; China Not Manipulating Currency
A report from the U.S. Treasury Department avoided naming China as a currency manipulator, saying instead that the yuan is "undervalued." The report said that the recent Chinese decision to end the peg to the dollar was a "significant step," and pledged to monitor the Chinese currency in the next three months, Bloomberg News reported. "What matters is how far and how fast the renminbi... Continue reading U.S. Says Yuan Undervalued; China Not Manipulating Currency U.S. Says Yuan Undervalued; China Not Manipulating Currency originally appeared on DailyFinance on Fri, 09 Jul 2010 08:15:00. Filed Under: Economy , Currency Permalink | Tweet this! | Comments
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