Adams says China lacks 'consensus' on yuan

The U.S. Treasury's top official for international issues, Tim Adams, said Monday 19 December that China's reticence at allowing a greater role for the market in determining the value of its currency may rest with political leaders who are yet to take a clear position on the issue.

``Substantial moves on the exchange rate probably require a political consensus at a higher level than the technicians who manage these issues day to day,'' Adams, the under secretary for international affairs, said

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