BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.02 Increased By ▲ 5.27 (9.99%)
BOP 33.83 Decreased By ▼ -0.42 (-1.23%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.80 Decreased By ▼ -0.54 (-4.38%)
FCCL 53.48 Decreased By ▼ -0.41 (-0.76%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.88 Decreased By ▼ -0.15 (-0.83%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.04 Decreased By ▼ -0.07 (-0.86%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.15 Decreased By ▼ -0.90 (-1.02%)
NBP 184.51 Decreased By ▼ -1.97 (-1.06%)
PACE 11.67 Increased By ▲ 0.95 (8.86%)
PAEL 40.29 Increased By ▲ 0.35 (0.88%)
PIAHCLA 26.08 Decreased By ▼ -0.09 (-0.34%)
PIBTL 17.15 Decreased By ▼ -0.17 (-0.98%)
PPL 228.30 Decreased By ▼ -4.48 (-1.92%)
PRL 34.55 Decreased By ▼ -0.40 (-1.14%)
PTC 67.40 Decreased By ▼ -0.16 (-0.24%)
SEARL 90.92 Decreased By ▼ -0.01 (-0.01%)
SSGC 26.88 Decreased By ▼ -0.29 (-1.07%)
TELE 8.56 Decreased By ▼ -0.01 (-0.12%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.32 Increased By ▲ 0.56 (6.39%)
TREET 24.64 Increased By ▲ 0.10 (0.41%)
TRG 71.65 Decreased By ▼ -0.10 (-0.14%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

US says China not manipulating yuan

Published May 25, 2012 Updated May 25, 2012 01:13pm

WASHINGTON: The United States said Friday that China's currency remains "significantly undervalued" but Beijing's policy was not manipulating the yuan to gain an unfair trade advantage.

The US Treasury Department said it had concluded that China had not met the standards for manipulation but would continue to closely monitor the yuan's pace of appreciation.

Copyright AFP (Agence France-Presse), 2012

Comments

Comments are closed for this article.