EU envoy nudges China on yuan

By Dow Jones Newswires
Posted Sep. 17, 2010 at 1:14 p.m.

A faster appreciation of the Chinese yuan by Beijing would be “appropriate,” the head of the European Union delegation to the U.S. said Friday.

EU Ambassador Joao Vale de Almeida said there is greater potential for collaboration between the U.S. and Europe, particularly in Group of 20 nation negotiations, to press more rapid reform of China’s currency to a market-based rate.

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