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Post by bot on Mar 18, 2014 3:12:17 GMT -5
SAN FRANCISCO (MarketWatch) -- U.S. Treasury Secretary Jacob Lew praised China's decision to widen the daily trading band for the renminbi against the U.S. dollar, the Treasury Department said Sunday. In a telephone call Saturday with Chinese Vice Premier Wang Yang, Lew welcomed China's recent announcement and emphasized the need for China to move towards a market-determined exchange rate,a Treasury spokeswoman said.
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