What changes when China’s leader finally states a reserve currency ambition explicitly? Xi Jinping has now done so, calling for the renminbi to attain global reserve currency status, not in a speech ...

U.S. Treasury Secretary Henry M. Paulson says he will push for more Chinese flexibility in allowing its currency to appreciate, saying it “doesn’t reflect reality.” A June 13 report from the U.S.

It looks like John Snow did Andy Card one last favor before stepping aside: late on Friday, the Treasury quietly issued the annual foreign currency report. To no one’s surprise, the report declared ...