United States Treasury Department 8, the latest exchange rate policy reported that, in the second half of 2009 and during the first half of 2010, United States of any major trading partners are no manipulation of exchange rates.
According to the United States Treasury Department on the same day to Parliament on the main trade partners of United States foreign economic policy and exchange rate policy of the half-year report, in the past years, the United States is the main trading partners in international trade is to gain an unfair competitive advantage and manipulation of national currency exchange rate between the US dollar.
The report said that in 2009, the global current account imbalances in scale, accounted for global 3.8 per cent of GDP, much lower than in 2006 reached the peak of 5.9 per cent. In 2009, in addition to Brazil, the United States and each of the major trading partners, bilateral trade imbalances are easing. United States current account deficit is at its lowest level in 10 years.
Reported on 19 June this year, China announced the Renminbi exchange rate back to more flexible, more market-oriented exchange rate system, this policy is a significant developments. The Ministry of finance will continue to work for "in the United States to expand exports to China, thus contributing to the United States to support the employment situation."
3 April this year, the United States Treasury Department delayed the originally scheduled for April 15, FCO's exchange rate policy report.
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