English 
简体中文 The declining value of the U.S. dollar has been making financial headlines lately. After hitting an all-time low in April 2008, the dollar rallied strongly in last fall’s financial crisis as investors sought safe havens, but it has once again fallen as the world economy has recovered. As of Oct. 19, 2009, the IntercontinentalExchange Dollar [...]
Archive for October, 2009
G7 presses for stronger yuan
ISTANBUL (Reuters) – The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates. The G7 dominated economic policymaking for two decades, but Saturday’s meeting underlined that it could no [...]
