Realigning the yuan: Resistance from G-20

By Carter Dougherty
International Herald Tribune

November 16, 2007

FRANKFURT: At a Group of 7 meeting this autumn in Washington, the United States persuaded Europe to join its strategy of leaning on China to revalue the yuan upward, a step that would help ease the pressure on the beleaguered dollar. Yet, turbulent currency markets are likely to dominate the meeting of the Group of 20, which comprises central bankers and finance ministers, this weekend near Cape Town… more