(Bloomberg) -- The yuan was set for the second
biggest weekly gain since February as Vice Premier Wu Yi said
China will increase flexibility of the exchange rate.
Treasury Secretary Henry Paulson this week said the U.S. is
``impatient'' with the pace of change. Governor Zhou Xiaochuan
yesterday said the yuan is ``already moving fast enough.''
China's currency has risen 0.22 percent this week, above the
0.09 percent average for the year.
Read more at Bloomberg Currencies News
biggest weekly gain since February as Vice Premier Wu Yi said
China will increase flexibility of the exchange rate.
Treasury Secretary Henry Paulson this week said the U.S. is
``impatient'' with the pace of change. Governor Zhou Xiaochuan
yesterday said the yuan is ``already moving fast enough.''
China's currency has risen 0.22 percent this week, above the
0.09 percent average for the year.
Read more at Bloomberg Currencies News
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