U.S. Says World Currencies not Manipulated in 2010

February 5th, 2011
in econ_news

International Trade 57131757 Econintersect:  According to a report released by the U.S. Treasury Department on Friday, major trading partners of the United States, including China, did not manipulate their currencies to gain an unfair advantage in international trade in 2010.  With respect to exchange rate policies, 10 economies were reviewed in this report, accounting for nearly 75% of US trade.  Many of the economies have fully flexible exchange rates.  A few have more tightly managed exchange rates, with varying degrees of management.

Follow up:

The Treasury report to the U.S. Congress, none of the county's major trading partners met the definitions identified by the Congress as currency manipulation.

The Shanghai Daily concentrated on the Yuan.  Here is a excerpt:

"Based on the resumption of exchange rate flexibility last June and the acceleration of the pace of real bilateral appreciation over the past few months," China's behavior did not qualify under the official definition of manipulation, the Treasury said in its long-delayed semi-annual report to the Congress on International Economic and Exchange Rate Policies.

Source:  Shanghai Daily 

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved