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Did U.S. and China strike a currency deal?

Posted on 26 October 2010

From Ibtimes.com: The meeting of G20 finance ministers over the weekend did not produce any concrete policies to address the global currency war. However, behind the scenes, China and the U.S., the two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
Borthwick thinks China and the U.S. may have agreed to gradually appreciate the Chinese yuan over 5 years. ………………………………………Full Article: Source


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