China Financial Daily

Geithner Beijing boasted to maintain the strength of the dollar
“Hillary Clinton’s visit to China early next year called on China and the United States’ together ‘the two sides focused on how to deal with the crisis in the short term, and now the most dangerous times are behind us, Geithner called for the United States’ work together’ concern is that both sides in the economic recovery in the co-ordination. ”

U.S. Treasury Secretary Timothy (Timothy Geithner) 6 on 1 in Beijing University China Center for Economic Research (CCER) entitled “The United States and China for the recovery and growth of co-operation” of the speech, called on China and the United States “working together” tide over the crisis. In response, Beijing University China Center for Economic Research Yao Yang, deputy director of this newspaper in an interview to make the above evaluation.

“We in Washington and Beijing (the reform of the economic development model and the financial regulatory mechanism) the degree of success of other parts of the world critical to the economic destiny.” Geithner stressed that Sino-US cooperation in this way.

Dollar fell in New York
Xinhua in New York, on May 8th: the new employment data in non-farm sector which United States announced in April was better than expected, coupled with pressure from investors have responded positively to the test results in the banks, Foreign exchange in New York on 8th markedly increased risk, the U.S. dollar fell against major currencies. On 8th U.S. Department of Labor reported, the non-farm employment of United States in April reduced the number of 539,000 people, less than 62 million people expected by analysts, far less than 699,000 people in March.

The dollar dropped in New York
Xinhua in New York, on May 6th as a result of new employment data announced by private sector in the United States better-than-expected, the stock market of New York on 6th enhanced risk appetite, the dollar fell against major currencies price. U.S. market research company ADP reported on 6th that, in April the number of employment in U.S. private sector fell 491,000 people, the decline far less than 65 million people which analysts expected, the smallest decline since in October last year.