U.S. Urges Chinese Policy Makers to Use Wider Band to Let the Yuan Gain

(Bloomberg) -- The U.S. Treasury urged Chinese policy
makers to use the wider trading band for their currency to allow
the yuan to rise faster.

``This is a useful step towards greater flexibility and an
eventual float of the currency,'' Alan Holmer, the Treasury's top
China official, told reporters in Washington. ``It's important
now that Chinese authorities use the wider band and allow greater
currency movement within each day and over time.''


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