At the Source - US Gains Edge as China's Currency Strengthens

China’s Currency Strengthens Against US Dollar: ...(PBOC), which is Chinas central bank, widened the RMB daily t...

The US Department of the Treasury has once again declined to label China a currency manipulator, and, in its latest report on international exchange rates, notes that over the past two years China’s currency, the renminbi (RMB), has gained strength against the US dollar. This news brings mixed fortunes for high-tech manufacturers. On the one hand, a stronger Chinese currency versus the US dollar helps American companies compete more aggressively on product pricing with companies such as Lenovo, Huawei, and Haier in overseas markets. The downside, however, is that costs associated with supply chain operations located in China will only rise as the RMB strengthens in value. Like previous reports, which evaluate international economic and foreign exchange developments, the November 27th Semi-Annual Report to Congress on International Economic and Exchange Rate Policies not on...

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