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Treasury Department

(Daily News)
December 28, 2011

In its semi-annual report to Congress, the Treasury Department yesterday (Dec. 27) refused to cite China as manipulating the value of the renminbi even as it said its real exchange rate to the dollar is “persistently misaligned and remains substantially undervalued.”


(Daily News)
September 23, 2011

Treasury Secretary Timothy Geithner yesterday (Sept. 22) said the U.S. has a very strong interest in having China appreciate its exchange rate faster than it has been doing, but said that any action the U.S. takes in pursuit of that goal has to provide positive leverage and be consistent with U.S. international obligations.


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