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Brazil Will Handle This 'Yuan' on Its Own, Thank You

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Published: Wednesday, 16 Feb 2011 | 8:04 AM ET
Kelley Holland By:

News Writer

Chinese Yuan

The United States isn't the only country unhappy about China's monetary policy.

When Treasury Secretary Timothy Geithner last week asked Brazilian officials to lobby China to give the yuan a little breathing room (er, room to rise), there were indications that Brazil was generally of the same mind as the U.S. But Tuesday Brazil is clarified its position. Hint: it probably isn't what Geithner wanted to hear.

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The United States isn't the only country unhappy with China's monetary policy. But it's not going to get direct lobbying help from Brazil.

   
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