Topic: Currency Markets
Forcing China to revalue currency may boomerang: analysts
AFP Global Edition
The US may be barking up the wrong tree by trying to force China to revalue its currency as it could fuel a rise in prices of favorite American products such as the iPhone and even plunge the Asian giant into social unrest, some analysts warned Wednesday. The debate over ...
IMF joins global calls for China to let yuan rise
AFP Global Edition
The International Monetary Fund on Wednesday lent its support to calls by the United States for China to allow its "much undervalued" currency to rise, amid EU complaints of protectionism. "It cannot be avoided, in some cases exchange rates have to appreciate, and that's the debate which is very ...
Dollar slips against euro
AFP American Edition
The dollar fell Wednesday against the euro after the US Federal Reserve said it would keep record-low interest rates for some time, and amid lingering hopes of help for crisis-hit Greece. The greenback meanwhile rose against the yen after the Japanese central bank held interest rates near zero and decided ...
World Bank urges China to let currency rise
AFP Asian Edition
The World Bank on Wednesday urged China to let its currency rise to contain inflation and stop the economy overheating, predicting that growth will gallop ahead at 9.5 percent this year. "Strengthening the exchange rate can help reduce inflationary pressures and rebalance the economy," the World Bank said in ...
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