You are here

China has stopped intervening in FX market: US official

[WASHINGTON] The Obama administration believes China basically stopped intervening in currency markets after a July agreement with Washington to minimize this activity, a top Treasury official said on Thursday.

"By our reading, the Chinese have essentially refrained from foreign exchange purchases since that period," Treasury Undersecretary for International Affairs Nathan Sheets said.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom