News Headline Summary

US treasury says China allowed CNY to appreciate 9.7% in nominal terms since June 2010

Says:

- China has substantially reduced level of intervention in exchange markets since Q3 2011.
- China cannot be labelled a currency manipulator under US law at this time.
- China's currency remains significantly undervalued, further appreciation is warranted.

Print 21:02, 27 Nov 2012 - Economic commentary - Source: Newswires