For more than a decade, China’s taken a verbal beating from other countries for keeping its currency unfairly cheap. Those days might finally be over. The yuan (a.k.a. 486 more words
Tags » Currency War
Unbelievable, a 2% rate cut! Are things that bad in Australia?? What does this mean to the average person in Auzieland? This mean’s your currency has just been diluted, meaning it will cost more at the store to buy goods. 159 more words
Remember when Brazil complained about currency wars?
In the autumn of 2010, finance minister Guido Mantega made headlines by decrying the Federal Reserve’s efforts jolt the US economy out of its malaise by creating new money, and using it to buy bonds. 219 more words