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U.S. and China: Currency war or a tantrum?

Since the People’s Bank of China (PBoC) allowed the yuan to surpass the dreaded level of 7 to the U.S. dollar on August 11, rivers of ink have flowed citing a new matter of contention between the U.S. and China, namely using currencies to gain competitiveness or, more simply, a “currency war”. To describe the events as a currency war may seem logical as another type of “war” between the U.S. and China, namely the trade war, has been in everybody’s mind for the past one and a half years. Moreover, the Trump administration itself has continued this game by […]
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