News Headline Summary

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


- 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

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