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(Image from article: "U.S. set to be a posse of one on China yuan at G20")

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G-20 refuses to back US push on China's currency

G-20 refuses to back US push on China's currency

Leaders of 20 major economies on Friday refused to back a U.S. push to make China boost its currency's value, keeping alive a dispute that raises fears of a global trade war amid criticism that cheap Chinese exports are costing American jobs.

 

Senate unlikely to follow House on yuan

The Senate is unlikely to take up pending China currency legislation following a weekend promise by the Group of 20 economic powers to shun currency devaluations for trade advantage, analysts said on Sunday.

 

U.S. set to be a posse of one on China yuan at G20

U.S. set to be a posse of one on China yuan at G20

Treasury Secretary Timothy Geithner faces a lonely campaign to make China's currency a major issue at the next Group of 20 summit as would-be allies shrink from confronting Beijing.

 

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