US Presses China for More Yuan Transparency as Yellen Meeting Looms

From bnnbloomberg.ca

The US Treasury reiterated its call for greater transparency in how Beijing conducts its exchange-rate policy and said it was monitoring China alongside five other major trading partners over its currency practices. In its semiannual foreign-exchange report released Tuesday, the Treasury Department refrained from designating any trading partner as a foreign-exchange manipulator. “China’s failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism make China an outlier,” the Treasury said in its report. The release comes just two days ... (full story)