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.

27 Nov 2012 - 21:02 - Economic Commentary - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: