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Dollar and precious metals at a glance
NEW YORK (AP) -- Key currency exchange rates Thursday, compared with late Wednesday in New York: Dollar vs:Exchange Rate Pvs Day Yen86.98 87.46 Euro $1.3079 $1.2980 Pound $1.5620 $1.5584 Swiss franc 1.0425 1.0580 Canadian dollar 1.0359 1.0382 Mexican peso 12.7275 12.6713 MetalPrice (troy oz.) Pvs Day NY Merc Gold$1168.40 $1160.40 NY HSBC Bank US $1168.00 $1160.00 NY Merc Silver $17.601 $17.423
IMF sees Chinese currency 'substantially' undervalued
Washington - The International Monetary Fund (IMF) on Wednesday said the Chinese yuan currency remains undervalued despite the Communist government's pledge last month to move towards a more flexible exchange rate.
Key US House panel to hold China currency hearing
A key US House committee with power over taxes and trade will hold a September 15 hearing to weigh possible new steps to press China over its currency policy, the panel's chairman said Thursday.
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