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Currency wars cloud picture for investors

Posted on 27 October 2010

From Theaustralian.com.au: If one currency goes up in value on the foreign exchange markets, the worth of another currency must go down. Exchange rates can’t all move in the same direction. But we’re now seeing many countries attempting competitive devaluations. It’s being called the new currency wars.
The US and China have been at loggerheads for some time over the value of the Chinese currency, the yuan (also called the renminbi)……………………………………….Full Article: Source


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