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International Law

: Asia Business Intelligence

Here We Go Again! New U.S. Treasury Secretary and Manipulation of the RMB

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Paulson's Legacy: Geithner:

Timothy F. Geithner, who moved closer to confirmation as Treasury secretary on Thursday, told senators that President Obama believed China was ?manipulating? its currency,

Again? Since 2006, we've discussed Treasury's desire to move the RMB, but, by now, it's become a dreadful bore. [Search this page or click the Foreign Exchange category of this blog.]

Perhaps Washington believes that China has been weakened and leverage may be exerted where popular opinion supports the administration. Watch out for the push-back!

Full post as published by Asia Business Intelligence on January 23, 2009 (boomark / email).

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