Tuesday, June 7, 2011

China official says U.S. could pursue weak dollar policy

http://www.reuters.com/article/2011/06/07/us-china-usa-dollar-idUSTRE7561N320110607
China should guard against risks from "excessive" holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.
However, the comments by Guan Tao of the State Administration of Foreign Exchange were quickly removed from the website at his request. He told Reuters the comments had been made in private academic discussions and represented his personal view only.

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