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

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
READ FULL ARTICLE