China Knows the Fate of the Euro

This week, the U.S. Commerce Department gave China another pass on its currency manipulation, ruling against charges it was undercutting U.S. aluminum makers. This puts China’s currency back on the radar for the politicians and others who, last June, were coaxed into thinking that China was making concessions on its weak currency policy. That’s when China announced they would be de-pegging the value of the yuan from the U.S. dollar. But all of the bad interpretations surrounding China’s move off of the dollar peg this summer clearly show how confused financial market participants are on this issue … The mainstream opinion is that China folded to the pressures from the rest of the world. That it opened the door to a big yuan… . . . → Full Story: China Knows the Fate of the Euro