China agreed to and did allow the value of the CNY to rise 30%. Subsequent devaluation against the USD (currently about 3%) is the result of rising interest rates in the U.S.
I'll guess he's just parroting something he heard on Fox & Friends this morning. Ah, who am I kidding -- this stuff is above their empty heads.
BTW, any nation with a central bank (which is almost everyone) "manipulates" their currency. What a moron.
I'll guess he's just parroting something he heard on Fox & Friends this morning. Ah, who am I kidding -- this stuff is above their empty heads.
BTW, any nation with a central bank (which is almost everyone) "manipulates" their currency. What a moron.