The US Department of Treasury criticized China for the “lack of flexibility” in the exchange rate policy of the Yuan and the deliberated increase of foreign-exchange reserves in US Dollars.

The Obama administration suggests China to “pursue policies that permit greater flexibility of the exchange rate and lead to more sustainable and balanced economic growth,” the report said. The U.S. will continue to push China to allow the Yuan to appreciate in two-way meetings and through assemblies of officials from the Group of 20 nations.

China uses controls in the exchange rate to depreciate the Yuan and increase its productivity in Chinese exports, It is one of the reasons we perceive that Chinese products are cheaper; it had been a tradition in the Chinese economic policy from 1960´s.

The sterling pound rose against all of its major counterparts in Forex Trading Online, after on speculation about that Bank of England may suspend its asset purchases, reducing concern about a potential overbought of public assets that creates an increase in the England inflation rate.