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xiaxue123
#1 Posted : 14 August 2018 03:26:17(UTC)
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Joined: 10/08/2018(UTC)
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WASHINGTON, Oct. 14 (Xinhua) -- U.S. Treasury Department on Friday declared that no major trading partner of the U.S., including China, met the standard of manipulating its currency, while it retained six economies on a monitoring list created to indicate "unfair" currency practices.


In its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies, the department said none of its major trading partners has manipulated their currencies over the past six months to keep them undervalued.


However, it still puts China, Japan, South Korea, China's Taiwan, Germany, and Switzerland on its Monitoring List, saying their foreign exchange policies bear close monitoring.


The Treasury Department created the list in April this year based on an analysis of three criteria, including a significant bilateral trade surplus with the U.S., a material current account surplus and engaging in persistent one-sided intervention in the foreign exchange market.


In the report, the department said that China met one of the criteria, a significant bilateral trade surplus with the U.S., instead of two as indicated in April's report.


The latest report explained that China's current account surplus fell to 2 percent of GDP in the first half of this year, moving below the established threshold for the criterion that current account surpluses in excess of 3 percent of GDP can be regarded as "material."


The other five economies met two of the three criteria each.


China's central bank has improved its communication on its exchange rate policy with the market since early this year and has taken measures to deal with the depreciation of its currency the renminbi, said the report.


It noted that core factors that have been supportive of the RMB remain in place, including high savings, a sizeable current account surplus, and GDP growth above the global average.


China's central bank governor Zhou Xiaochuan recently said in Washington that China will continue to enhance exchange rate flexibility while maintaining a relatively stable exchange rate. He added that China will firmly continue market-oriented reforms of its exchange rate mechanism.


C. Fred Bergsten, senior fellow at the Peterson Institute for International Economics, recently said at a forum that China does not manipulate its currency.


He noted that the Chinese economy is still growing at a relatively rapid pace, poses a high savings ratio and has significant amount of foreign reserves. All of these could support a relatively strong RMB, he added.


NEW YORK kobe 10 think pink pas cher , Sept. 26 (Xinhua) -- The U.S. dollar climbed against most major currencies on Tuesday as investors were digesting the latest remarks from Federal Reserve Chair Janet Yellen.


Yellen said on Tuesday that it's appropriate for the central bank to continue gradually tighten its monetary policy in view of the uncertainties around inflation.


She argued that faster monetary tightening could jeopardize economic expansion, while moving too slow could risk overheating the economy, as the job market continues strengthening.


"It would be imprudent to keep monetary policy on hold until inflation is back to two percent kobe 10 silk road pas cher ," said Yellen.


The Fed has raised interest rates twice this year. Last week policymakers pointed to one more rate hike later this year and three for the next year after the conclusion of a two-day policy meeting.


The dollar index, which measures the greenback against six major peers, was up 0.31 percent at 92.934 in late trading.


In late New York trading kobe 10 overcome pas cher , the euro fell to 1.1800 U.S. dollars from 1.1839 U.S. dollars, and the British pound declined to 1.3458 U.S. dollars from 1.3467 U.S. dollars. The Australian dollar decreased to 0.7893 U.S. dollar from 0.7944 U.S. dollar.


The U.S. dollar bought 112.15 Japanese yen, higher than 111.66 yen of the previous session. The U.S. dollar rose to 0.9690 Swiss franc from 0.9674 Swiss franc kobe 10 high dive pas cher , and it edged down to 1.2345 Canadian dollars from 1.2354 Canadian dollars.


Xi says international community must cooperate on global security


Traditional Chinese Medicine Industry Expo opens in China's Gansu


Light show seen in Xuan'en County, China's Hubei


13 tons of drugs torched in Afghan eastern Nangarhar province


Modern manufacturing, transport help six Chinese provinces develop fast


Scenery of terraced fields in Houyuan Village kobe 10 all star pas cher , China's Fujian


Scenery of high-speed rail networks in south China's Guangxi


In pics: paddy fields across China

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vrathia
#2 Posted : 01 May 2020 08:53:29(UTC)
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vrathia
#3 Posted : 05 August 2020 18:41:02(UTC)
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