Monday, May 3, 2010

No Manipulation Here...

From Bloomberg:

U.S. Treasury Secretary Timothy F. Geithner’s unscheduled meeting with Chinese Vice Premier Wang Qishan in Beijing on April 8 fanned speculation that the yuan may strengthen after being held at about 6.83 per dollar since July 2008. American lawmakers have stepped up calls for an end to what they label an unfair subsidy.

The Yuan has been stable since 2008. But the yuan isn't manipulated. Please.