The French prime minister has urged China to implement a more flebible exchange rate, which would reduce China’s dependence on exports and raise consumers’ purchasing power. Speaking at Beijing’s University of Aeronautics, he went on to say that the EUR-DLR disparity does not relate to any economic disparity between Europe and USA. Fillon called for an international exchange rate system that could accomodate smoother changes in currency values.
EURUSD pushes towards 1.4300.