The U.S. Mint released into circulation millions of gold-covered dollar coins bearing the likeness of George Washington Thursday. U.S. Mint Director Edmund Moy discusses the decision to introduce the coin, after previous attempts to do so were unsuccessful.

The Chinese government said Thursday it is moving to a more flexible exchange system that ties its currency, the yuan, to a marketbasket of currencies rather than linking it at a fixed rate to the U.S. dollar.