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It's Time for China to Loosen Reins on Yuan, Says Korean Minister.
Jul. 7--China should unleash its currency and make way for a revaluation to better reflect market forces and help shrink the US current account deficit, says South Korea's finance minister.
The move would also reduce the vulnerability of regional currencies to speculative trading, Kim Jin-Pyo said at the Asia Europe Meeting (Asem) of finance ministers in Bali.
Expanding the tight nine-year band of 8.276-8.28 per dollar would allow the ...
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Source: HighBeam Research, It's Time for China to Loosen Reins on Yuan, Says Korean Minister.