ARTICLE: "IMF Says Global Imbalance to Stay: Weak Dollar Helps Narrow the Gap, But Oil, Yuan Weigh," by Tom Barkley, Wall Street Journal, 23 July 2008, p. A10.
Decline of dollar achieved at price of overvalued Euro. Meanwhile, Asia as a whole does not step up to the plate: China's yuan still out of whack.
A convertible Yuan helps the Euro absorb some of the natural rise triggered by the dollar's fall. Two can and should play that global game.
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