Dollar Weakening Against China’s Currency

The dollar is depreciating against China’s currency. One dollar buys 6.2267
yuan, one of the lowest levels since China launched a modernized
currency-trading system in 1994. Last week, the U.S. Treasury
Department
repeated that China’s currency remains “significantly
undervalued” but declined again to label Beijing a currency manipulator.

(c)wsj

Views: 107

Comment by Ron Schelling on December 3, 2012 at 4:58pm

Maybe they are more smart !

Comment

You need to be a member of Forex Social Network to add comments!

Join Forex Social Network

Members

Have your say!

Tell us who your favorite analysts and experts are: cast your vote for the Forex Best Awards 2015!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video