| We read many articles last week speculating as to the cause behind the Chinese government's decision to devalue their currency, the renminbi or yuan. Almost everything that we have read revolves around some form of conspiracy theory, subtly implying that the Chinese government is setting forth its dastardly plan to wage a currency war against the rest of the world.
China, of course, has stated that they are simply allowing their currency to become more responsive to market forces. So which is it — all-out currency war or just market forces at work? Now let's keep in mind there are only two methods for a government to directly control the value of its currency...............................................Full Article: Source
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