21.01.2015 - Obama's Currency Manipulation Dilemma: Pay Me Now Or Pay Me Later
A vital aspect of free and fair trade is that countries that trade with one another shouldn’t artificially devalue their currencies in order to make their imports and exports more profitable at their trading partners’ expense. Currency manipulation is no small thing and it’s widespread. The way it works is that a central bank buys a lot of foreign currency, usually dollars, in order to lower the value of its own currency against the foreign one. That makes exports less expensive and more attractive to foreign buyers...............................................Full Article: Source
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