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Chinese Premier says RMB not undervalued

By   || March 14, 2010 at 22:49 GMT
|| 4 comments || Add comment

Chinese Premier Wen Jinbao has been using quite strong language in recent months when talking about the level of the Yuan and of Chinese financial interests around the globe.

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4 Responses to “Chinese Premier says RMB not undervalued”

  1. hart on March 14th, 2010 23:14 GMT

    Off topic: Isn’t jpy tax season about over. Aren’t yen going to be reinvested elseware? Removed from jpy economy. Where is the yen going?

  2. hsbc on March 15th, 2010 00:33 GMT

    Gday Sean. Do you think wen’s comments were expected? USDJPY isnt seeing much reaction and aud is failing to break 80 this mrng.

  3. Sean Lee on March 15th, 2010 00:45 GMT

    Hi HSBC. He seems to be going out of his way to cause debate in the US congress. He could just as easily say nothing about the level of the CNY and let things carry on as they are.

  4. Asian FX market wrap: mild risk aversion after early stop-loss hunt | ForexLive on March 15th, 2010 04:57 GMT

    [...] Chinese Premier says CNY is not undervalued [...]

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