Greenspan and Snow to visit Cfets
NEWS
As speculation about the continuing pace of currency reform in the country continues, the pair will discuss how the FX system is progressing. Later in the week the pair will head a team of senior US officials to Beijing at the Joint Economic Commission (JEC). The regularly held JEC, which begins on October 16, will come after Snow meets financial industry figures in Shanghai on October 11.
Besa Deda, currency strategist at Commonwealth Bank of Australia in Sydney, said typically, China’s position
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