UPDATE 2-Treasury's Geithner says China likely to move on yuan

[Bumper64]

WASHINGTON, Feb 4 (Reuters) - Treasury Secretary Timothy Geithner on Thursday said he shared U.S. lawmakers' concern about China's currency value, but was optimistic Beijing would begin letting the currency appreciate.

"I think it's actually quite likely (China) will move. I think they recognize it's important to them, in their interest as well," Geithner told the Senate Budget Committee.

http://www.reuters.com/article/idUSN0414423320100204?type=marketsNews

[warrengz]

Might have to move on some Yuan myself, hmmmmm.

[jocko129]

:)Got to buy yuan sooooonnnnnn!!!!

[Earnest T Bass]

I wonder what effect there will be on the dong? Hop they wait til post dinar RV.

[valu]

i wonder if wells fargo has it. bank of china has an interest in that bank.