| From Rgemonitor.com: Does the new Obama regime believe that China is manipulating it's currency or not? The US seems to be retreating. This retreat is almost certainly politically motivated. I would be very surprised if the US government did not believe some manipulation had gone on either in the past or in the present.
It is hard to believe that the yuan is not currently undervalued although it is also true that there are bigger problems out there that need to be addressed. Obama is picking his battles well and this is one he does not want to get into yet.....Full Article: Source
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