Yuan needs to respond to market forces - Romer.

A White House adviser on Sunday said China's yuan "needs to be more influenced by market forces" but declined to say whether the Asian nation was manipulating its currency.
"We think it needs to be more influenced by market forces, I think there's no question of that," White House economic adviser Christina Romer said on NBC's Meet the Press.
"We're going to be trying to get the kind of result we want, which is something more in alignment," Romer said.
With Chinese President Hu Jintao due in Washington April 12 for a nuclear security summit, the Obama administration has delayed an April 15 report on whether China is manipulating its currency.
Beijing has amassed huge volumes of foreign reserves in the process of keeping the yuan's value pegged to the dollar, angering US lawmakers who say the practice gives Chinese exports a price advantage at the expense of American jobs.
Although the United States will delay its currency-manipulation report to avoid offending China, US officials will raise the issue at subsequent meetings, Romer said.
"This is absolutely going to be an issue that's high on the agenda," she said.