Sun, Sep 25, 2016
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies more

U.S. warns China over currency depreciation

Posted on 08 April 2014

The United States warned Beijing on Monday that the recent depreciation of the Chinese currency could raise “serious concerns” if it signalled a policy shift away from allowing market-determined exchange rates.
Washington has been pressing China for years to allow its currency to trade at stronger values. A weak yuan makes Chinese exports cheaper for U.S. consumers at the expense of U.S. producers. A weaker yuan also makes Chinese consumers less able to buy foreign goods………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 47813 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
September 2016
S M T W T F S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930