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US currency push on China no slam dunk

posted by Avatar camac 783 days ago in USD, Trade made popular 783 days ago

China’s currency is clearly undervalued, but pressure on Beijing to make its currency rise in value won’t trim the US trade deficit with China or reduce the jobless rate, say American economists. Political pressure is building on the Obama administration to name China a "currency manipulator" in a mid-April report.
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