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Charles Wolf: A Liberated Yuan Is Likely to Fall
Exposed to market forces, China's currency may not follow the U.S. Treasury's designs. 'Currency manipulation" is a charge repeatedly leveled against China in recent years. Prior to 2014, U.S. pundits and lawmakers denounced interventions by its central bank, the People's Bank of China, that prevented the yuan's rise from about 16 cents (6.25
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Posted: April 21, 2014 Monday 07:21 PM