amoy
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- Jan 17, 2010
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oooops manipulate... then u'd better back your accusation with something solid. or truth is EVERY country controls / manipulates their currency one way or another especially US$. there're many competent economists on DFI to shed light on this .If all of this are true then why does your Government still hold control over Yuan and manipulate it as per the market situation ?
Below examples of major economies ~ US Japan and EU for your ref.
~Tapa talks: Orange is the new black.~The Reserve Banks of Eurozone and Japan are printing excessive money due to which their currency is being devalued. On the other hand, US Fed has shown signs to end their stimulus (Stimulus is a plan devised by the central banks to counter a weak economy by jump starting it. During stimulus a government takes unprecedented actions such as lowering interest rates, increasing government spending and quantitative easingso as to put some life in the struggling economy. The side effect includes weakening of currency) .
Hence, making the US dollar stronger against the other currencies including the Indian rupee, at least in the short term.