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China has stopped intervening in FX market: US official

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Published Thu, Feb 19, 2015 · 02:59 PM

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[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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