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US urges China to continue reforms toward market-oriented exchange rate

Feb 29, 2016 07:15 AM EST

The US government on Sunday called on China to continue along the path toward a more market-oriented exchange rate even as it underscored the need for Beijing to clearly communicate its policies to the financial markets.

China's Yuan Loses Value for Second Straight Day

Benjie Batanes |

Aug 12, 2015 11:50 AM EDT

Chinese financial authorities have let the yuan fall in value for the second straight day on Wednesday, providing a boost for the country's exporters. Meanwhile, other countries, such as the United States, have denounced China's decision to let the yuan devaluation trigger speculations of a currency war.