BNY Mellon rules out renminbi revaluation in 2010
LONDON – Russia could be the next target of accusations of currency manipulation, cautioned Simon Derrick, global head of foreign exchange strategy at Bank of New York Mellon at a seminar in London last Wednesday (March 17).
Derrick was speaking at a seminar hosted by the bank entitled 'Market toil – A view from the currency markets'. The talk was held amid mounting rhetoric from the US about China’s currency policy, ahead of the the US Treasury's report on currency manipulation due on April 15.
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