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China denies U.S. warning of undervalued currency

Posted on 17 April 2014

China rejected on Wednesday a warning from the Obama administration that its currency was too weak, urging the United States to recognise that China aims to “perfect and regulate” the exchange rate system.
The Obama administration on Tuesday warned China that its currency was too weak and expressed doubt over the Asian giant’s resolve to let market forces guide the value of the yuan………………………………………..Full Article: Source


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