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Currency Wars: How Ben Bernanke Outsmarted China

by Charles Wallace on Jan.24, 2011, under Towing

In the currency wars with China, the U.S. seems to be winning: The yuan has appreciated

After years of exhorting China to increase the value of its yuan, the currency is finally rising. Why that’s so is the result of the Fed’s quantitative easing program. Here’s how Bernanke managed to succeed where political wrangling fell short.

Continue reading Currency Wars: How Ben Bernanke Outsmarted China

Currency Wars: How Ben Bernanke Outsmarted China originally appeared on DailyFinance on Mon, 24 Jan 2011 11:00:00.

Filed Under: Economy, Currency

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