(Bloomberg) -- The yuan snapped a six-day rally after
central bank Governor Zhou Xiaochuan said China has tried its
best in reforming the currency, which is ``already moving fast
enough.''
U.S. legislators have pledged to proceed with sanctions on
imports from China unless the yuan rises faster than the 8.2
percent gain since the end of a dollar link in July 2005. Vice
Premier Wu Yi said the U.S. shouldn't resort to threats and trade
sanctions, damping speculation China will agree to demands for
faster currency appreciation to help solve global imbalances.
Read more at Bloomberg Currencies News
central bank Governor Zhou Xiaochuan said China has tried its
best in reforming the currency, which is ``already moving fast
enough.''
U.S. legislators have pledged to proceed with sanctions on
imports from China unless the yuan rises faster than the 8.2
percent gain since the end of a dollar link in July 2005. Vice
Premier Wu Yi said the U.S. shouldn't resort to threats and trade
sanctions, damping speculation China will agree to demands for
faster currency appreciation to help solve global imbalances.
Read more at Bloomberg Currencies News
No comments:
Post a Comment