by | Sep 9, 2010 | Towing
Treasury Secretary Timothy Geithner said that China should let its yuan currency appreciate faster to demonstrate that the country is willing to follow through on promises.
“Frankly they haven’t let the currency move very much so far,” Geithner told Bloomberg News. “They know they’re just at the beginning of that process and I think we’d like to see them move more quickly.”
Sponsored Links
The yuan…
Continue reading Geithner: China Should Let Yuan Appreciate Faster
Geithner: China Should Let Yuan Appreciate Faster originally appeared on DailyFinance on Thu, 09 Sep 2010 06:51:00.
Filed Under: Economy, Currency
by | Sep 8, 2010 | Towing
The yen strengthened to a 15-year high against the U.S. dollar as investors bet against the country’s policy to limit the gains in the currency.
The yen strengthened to 83.34 per dollar, compared to 83.80 late Tuesday, The Wall Street Journal reported.
Sponsored Links
“This size gain is not enough to trigger unilateral intervention in the market,” Takayuki Asahara, a dealer at Shinkin Central Bank,…
Continue reading Yen Gains to 15-Year High Against U.S. Dollar
Yen Gains to 15-Year High Against U.S. Dollar originally appeared on DailyFinance on Wed, 08 Sep 2010 08:27:00.
Filed Under: Economy, Investing, Credit, Currency
