By scott miller
China’s latest move to halt its economic slowdown, letting the value of the renminbi tumble against the dollar, had investors around the world in a tizzy for three straight days last week before calming words from one of that nation’s central bank officials put an end to the slide.Even so, the move stirred talk of “currency manipulation,” not to mention a “currency war” should other nations respond by adjusting the values of their currencies to keep up with the lower cost of Chinese exports.With the apparent goals of boosting exports and creating jobs, China’s central bank presided as the renminbi …
Source:: Vail Daily Feed
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