Dollar Weakening Against China’s Currency

The dollar is depreciating against China’s currency. One dollar buys 6.2267
yuan, one of the lowest levels since China launched a modernized
currency-trading system in 1994. Last week, the U.S. Treasury
repeated that China’s currency remains “significantly
undervalued” but declined again to label Beijing a currency manipulator.


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Comment by Ron Schelling on December 3, 2012 at 4:58pm

Maybe they are more smart !


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