(Reuters) - WASHINGTON, June 13 - The U.S. Treasury
Department on Wednesday labeled China's currency "undervalued"
and pledged to keep pushing for it to appreciate but said
Beijing was not manipulating its currency for trade gains.
The widely anticipated finding, in a semiannual report to
Congress on exchange-rate policies of key trade partners, was
certain to be a red flag for U.S. lawmakers who have lined up
to present legislation aimed at confronting China more directly
on its currency practices.
Read more at Reuters.com Bonds News
Department on Wednesday labeled China's currency "undervalued"
and pledged to keep pushing for it to appreciate but said
Beijing was not manipulating its currency for trade gains.
The widely anticipated finding, in a semiannual report to
Congress on exchange-rate policies of key trade partners, was
certain to be a red flag for U.S. lawmakers who have lined up
to present legislation aimed at confronting China more directly
on its currency practices.
Read more at Reuters.com Bonds News
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