China has stopped intervening in FX market: US official
Published Thu, Feb 19, 2015 · 02:59 PM
[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
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