Countries from Japan to Brazil and Mexico to Malaysia are trying to intervene in currency markets to alter the value of their currency. The widespread dependence on exports is the prime reason for these moves, which can be tric…
A widespread push for fiscal discipline is “the right policy at the wrong time,” the famed investor said Wednesday.
Continue reading George Soros on the ‘Blah’ Economy and China’s ‘Phenomenal’ Rise
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The Chinese yuan hit a post-revaluation high against the dollar Monday after the People’s Bank of China set the yuan’s reference rate for trading at its highest level since the central bank began publishing the daily fix in 199…
The Chinese yuan hit a post-revaluation high against the dollar Monday after the People’s Bank of China set the yuan’s reference rate for trading at its highest level since the central bank began publishing the daily fix in 199…
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.”
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.