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Commodities Briefing - Categorized | Currencies, Trading more

US will continue to press China on currency, trade concerns

Posted on 10 March 2011

From Dow Jones: U.S. Trade Representative Ron Kirk said Wednesday the Obama administration will continue to push for China to adopt a more flexible currency policy and ensure its economic policies don’t discriminate. Pressed several times by senators to take more aggressive action to deal with alleged currency manipulation, Kirk said U.S. Treasury Secretary Timothy Geithner has responsibility over currency policy.
But he said Geithner and President Barack Obama have repeatedly made clear that it’s in the interest of both China and the global economy for the government to move toward a market-determined currency policy……………………………………….Full Article: Source


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