Live Breaking News & Updates on While janet yellen treasury department

by Tyler Durden
By Ye Xie, Bloomberg Live commentator and author
Three things we learned last week:
1. U.S. Treasury scrutinizes Chinese state banks for possible hidden currency intervention
While Janet Yellen’s Treasury Department refrained from labeling China as a currency manipulator in its semi-annual currency report, it again zeroed in on the role of Chinese state banks in the foreign-exchange market. It noted that
China’s net foreign exchange settlement, which it considers a more comprehensive proxy for intervention because it includes the activities of China’s state-owned banks, surged to about $180 billion last year. But the PBOC’s foreign exchange assets, which historically track the settlement data, stayed flat.

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