US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure

//US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure

US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure

China should not count on the Biden administration and its new US Treasury Secretary Janet Yellen to actively support a strong US dollar in the near term, a move which could help ease upwards pressure on the yuan, analysts said.The US dollar index has fallen by more than 10 per cent against a basket of major trading currencies from its peak at the end of March last year, fuelling appreciation pressure on the value of the Chinese currency.Comments by former US Federal Reserve chair Yellen, who…

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By | 2021-02-05T11:15:06+00:00 February 5th, 2021|World|Comments Off on US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure