| The United States on Friday declined to name China a currency manipulator but said it would "press for policy changes that yield greater exchange rate flexibility" in the yuan.
The Chinese currency remains "significantly undervalued" and "further appreciation of the RMB (renminbi) against the dollar and other major currencies is warranted," the US Treasury Department said in its latest semiannual report to Congress on international exchange-rate policies...............................................Full Article: Source
|