Wednesday, June 20, 2007

Paulson Will Be `More Creative' in Pressing China on Currency Flexibility

(Bloomberg) -- U.S. Treasury Secretary Henry Paulson
said he will look for ways to be ``more creative'' in pressing
China to increase flexibility in its currency.

Paulson also told U.S. lawmakers he will press the
International Monetary Fund to be ``rigorous'' in monitoring
exchange rates, including day-to-day surveillance by staff. He
made the remarks in testimony on the international financial
system to the House Financial Services Committee.


Read more at Bloomberg Currencies News

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