On the eve of an economic summit in South Korea, disturbing signs of discord are emerging over currency valuations and trade between the U.S. and its major trading partners. Failure to achieve an agreement could set off more “c…
The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed’s $600 billion bond buying plan, which could further devalue the dollar. World leaders say the mov…
The U.S. will not weaken the dollar in order to boost its exports, Treasury Secretary Timothy Geithner promised. “It is not going to happen in this country,” Geithner told Silicon Valley business leaders of devaluing the dollar…