4-17-2012 Newshound Guru 8Ball China is sitting on all currency's they compete by devaluing each others currency's to stay competitive. The change on Friday was China's attempt to become or compete against the US, 1 cent adjustment on a day can add up quickly especially when the RMB is worth 15 cents I believe...China pulled the peg...let the currency adjustments begin, as an example as China rises South Korea rises, as China rises Vietnam Dong will rise, etc.
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