Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (36794)	7/31/2003 3:57:14 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

Snow says doesn't know if China currency undervalued Reuters, 07.31.03, 12:13 PM ET WASHINGTON, July 31 (Reuters) - U.S. Treasury Secretary John Snow said on Thursday he didn't know whether China's yuan currency was undervalued, but said he encouraged a wider trading band for the unit. "I frankly don't have a firm view on it at this point," Snow said, in response to a series of questions from New York Democrat Charles Schumer during a hearing before the Senate Banking Committee. "What I do have a firm view on, though, is that we should encourage the Chinese ... in the reports that they are looking at widening the band on the yuan," Snow added. forbes.com