Recently, many commentators have equated recent European complaints about the weak American dollar with American complaints about the undervalued Chinese renminbi. Take, for example, commentary published Oct. 14 in the Financial Times examining how expected quantitative easing by the United States Federal Reserve lowered the value of the dollar against the Chinese renminbi and European currencies. The editors wrote: “A senior European policy-maker, who asked not to be named, said a further aggressive round of monetary easing by the United States Federal Reserve would be ‘irresponsible’ as it made United States exports more competitive at the expense of its rivals.” read more

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When China Exports, Everyone Pays

Celtic cruise into the quarter finals of the Co-operative Insurance Cup at the expense of a lacklustre Inverness Caledonian Thistle.

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Celtic 6-0 Inverness CT