Dollar devaluation is a "no news" issue. Secretary Paulson is a Wall Street guy and possibly a good manager, but what about the strength of the greenback?
Dollar versus Euro is near 1,35, just a way long from the previous 0,85 from some years ago.
The renminbi will not explain everything.
Is it a way to export devaluation to the Asia? Or is it a "twin deficits" problem?
Because, we don't believe the reason is about the Iraq issue!
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