The United States Postponed The Issuance Of The Exchange Rate Report &Nbsp Or G20 At The Summit.
The US Treasury issued a statement in Beijing on April 9th, postponing the international economic and exchange rate policy report, which was originally announced in April 15th for major trade partners.
This is already
US Treasury Department
The third delay was announced.
According to the interpretation of the US Treasury, the delay in issuing the exchange rate report is mainly due to the fact that "the United States will hold a series of high-end meetings with the parties concerned" in the near future.
It includes the meetings of finance ministers and central bank governors held in April, the International Monetary Fund and the World Bank spring meetings, and the third round of China US strategic and Economic Dialogue held in May. G20 held twenty meetings in May.
The exchange rate report issued by the US Treasury in April 2010 should not be released until July of that year, and the exchange rate report should be postponed to February 2011 in October the same year.
On the eve of the US exchange rate report, the RMB pair
US dollar exchange rate
Out of the rising market.
As of last Friday,
RMB
The US dollar has been strong for 6 consecutive trading days, and has been developing 5 consecutive trading days.
Since the "two exchange rate reform" in June last year, the appreciation of RMB against the US dollar has reached 4.5%, and this year, the RMB appreciation against the US dollar has risen by 1.2%.
Analysts believe that the US Treasury has postponed the issuance of the exchange rate report again, intending to switch to the G20 summit and again to the yuan.
A new round of meetings of G20 finance ministers and central bank governors will be held in Washington on the 15 th of this month. At the meeting, countries will discuss issues such as capital flow control, global liquidity and IMF supervision authority.
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