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Tag Archives: foreign exchange
U.S. Treasury Says China Continues to Undervalue its Currency
In what will undoubtedly become a Presidential campaign issue next year, as a result of the undervalued renminbi, China continues to increase its global export market share, and it remains heavily dependent on exports. Continue reading
Toyota Raises U.S. Prices as Yen Strengthens from Earthquake
The huge amounts of money going back to Japan has caused the Japanese Yen to strengthen as it now is trading well below ¥90:$1. Current Japanese automaker business plans were set and 96 Yen to the U.S. Dollar, and at that rate executives said profitability was a struggle. Continue reading
