FX COLUMN-China may have misplayed yuan hand with Obama
FX COLUMN-China may have misplayed yuan hand with Obama 11.25.09, 11:26 AM EST By Neal Kimberley LONDON, Nov 25 (Reuters) - China may come to regret not offering U.S. President Barack Obama more concrete encouragement on the future direction of the yuan during his recent visit. Make no mistake, Obama cannot afford to let this go and China may eventually have to move further on the yuan than would have been necessary this time. The way it is likely to play out is that a disappointed U.S. administration falls back on the Group of 20 agreement on global rebalancing, which...
Original Article: Forum: News/Activism
Tags: Barack Obama, China, Concrete, Direction, Encouragement, Kimberley, London, Mistake, Rebalancing, Reuters, Yuan