Treasury calls China to appreciate the Yuan

Note: This section contains information in English only.
Source: Bloomberg

Treasury Department issuing the semi-annual report announced China should be pressed for implementing greater flexibility in its exchange rate. Treasury declares the Chinese Yuan to be undervalued and calls for appreciation. US suggest Chinese undervalued currency gives unfair advantage to the nation's exporters. Japan also received critics from Treasury for selling Yen in October and August despite US objections. 

Back to articles

Actual Topics

Wed, 28 Dec 2011 08:36:37 GMT

Japan's leading party offers to increase sales tax

Japan's leading party suggested to increase twofold the sales tax by 2015. Democratic Party of Japan proposes to increase the sales tax from 5% to 8% in October 2013 and further to 10% in April 2015, said lawmakers Motoyuki Odachi and Takeshi Miyazaki. After party's meeting 9 members quit. Japan is struggling to recover from March earthquake while suffering from drop in exports. Proposed increase

Wed, 28 Dec 2011 07:54:53 GMT

Euro extends three day slump against Japanese Yen

The Euro maintained decline against Japanese Yen for a third consecutive day amid worries, European debt crisis will add to bond yields and hinder region's economic growth. The common currency weakened against 15 of 16 its major peers ahead of Italian bond auction due today. Euro depreciated from ВҐ101.80 to ВҐ101.62 in yesterday's New York trade. The 17-nation currency fell from $1.3071 to $1.3067. EUR/JPY currently

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.