Former US Federal Reserve chair Janet Yellen was sworn in as treasury secretary last week. Photo: Reuters Former US Federal Reserve chair Janet Yellen was sworn in as treasury secretary last week. Photo: Reuters
Former US Federal Reserve chair Janet Yellen was sworn in as treasury secretary last week. Photo: Reuters

US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure

  • Former US Federal Reserve chair Janet Yellen was sworn in as the new treasury secretary for the Biden administration last week
  • US dollar index has fallen by more than 10 per cent from its peak at the end of March last year, fuelling appreciation pressure on the value of the yuan

Topic |   US-China relations
Former US Federal Reserve chair Janet Yellen was sworn in as treasury secretary last week. Photo: Reuters Former US Federal Reserve chair Janet Yellen was sworn in as treasury secretary last week. Photo: Reuters
Former US Federal Reserve chair Janet Yellen was sworn in as treasury secretary last week. Photo: Reuters
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