currency devaluation



China and the Dollar

From the Wall Street Journal: As if the dollar didn’t have enough problems, Timothy Geithner took China’s bait yesterday and said he was “quite open” to its suggestion this week to displace the greenback...

China’s Yuan Rises As Talks Begin

From BBC News: China’s yuan is at its strongest level against the dollar since the country scrapped its peg to the US currency in July 2005. The yuan rose to a high of 6.8918 per dollar – a gain of 20% since it...

China’s Currency Breaks Key Level

From AP: China’s currency nudged past 7 yuan to the U.S. dollar Thursday, a milestone bound to please Beijing’s trading partners and dismay exporters struggling to remain competitive in overseas markets. Late in the...




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