txijle789
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Wysłany: Pon 6:43, 21 Lut 2011 Temat postu: Stop manipulating currencies |
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Stop manipulating currencies
Stop manipulating currencies
The list of indicators will provide rich countries with an alternative to [link widoczny dla zalogowanych] telling emerging markets to “stop manipulating currencies” by allowing them to highlight the “consequences of supporting your currency artificially,” said David Tulk, chief rates and currency strategist at Toronto-Dominion Bank’s TD Securities unit.
U.S. and European officials maintain China’s exchange rate management undermines the world economy by fuelling domestic inflation,[link widoczny dla zalogowanych], filling currency reserves and exacerbating western trade gaps by handing Chinese exporters an edge in [link widoczny dla zalogowanych] global markets. China responds that low interest rates in the west are propelling hot money capital into emerging markets such as theirs and that a quick revaluation of the yuan would risk decimating their economy’s growth.
Missing from the list of indicators is currency reserves which now stand at 2.8 trillion in China alone, providing an export-led symbol of its recent rise to become the world’s second-largest economy. China, which had wanted to focus on the [link widoczny dla zalogowanych] smaller trade gap definition, also diluted the final language so that it mentioned the current account’s components and not its title.
Topics related articles:
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
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