CURRENCY WAR

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China July exports hit record high, surplus swells

China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.

Goldman says QE3 likely after dovish Fed statement

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Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years.

China says U.S. likely to launch QE III easing

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The United States could launch a new round of quantitative monetary easing, China's top economic planner said on Wednesday in a statement addressing the country's future inflation risks.
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Yen sinks after intervention; stocks near lows

The yen tumbled from near record highs on Monday after Japan intervened to curb the currency's export-damaging strength, while world stocks held above 2011 lows as expectations grew for more policy action in developed countries.
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The fog of currency war

Criticism of China's exchange-rate policy continues throughout the US. This column argues that the US is in fact the exchange rate manipulator, due to its ongoing quantitative easing. What the US needs to do for a sustainable turnaround is to learn from other successful economies like China and Germany - not de-rail them.
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China trade surplus shrinks, supports government's G20 case

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
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China trade surplus shrinks after import surge

China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
Is it fair for Brazil to brand the U.S. along with China as a currency manipulator?

Brazil’s ‘currency war’ rhetoric is phoney

Brazil's Finance Minister Guido Mantega has accused the United States of engaging in currency manipulation, and said his country would raise this issue at the World Trade Organization (WTO), adding that the U.S. and Chinese policies are fomenting a trade war.
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Bernanke says yuan peg bad for U.S. and China

China's currency peg hurts U.S. exports but is also bad for the Chinese economy, since it prevents the country's authorities from running their own monetary policy, Federal Reserve Chairman Ben Bernanke said.
3. The value of the euro is being talked down by officials from core Europe.

Why did Germany and France spook the euro?

France and Germany, the two leading countries of the euro zone, may have intentionally engineered a competitive currency devaluation by pushing private investors to share the burden of future sovereign bailouts.
U.S. President Barack Obama (left), South Korean President Lee Myung-bak (center), and Canadian Prime Minister Stephen Harper sit during an awards presentation for small and medium sized businesses after the end of meetings at the G20 Seoul Summit on Nove

How to interpret G20?

How much was accomplished at the just-concluded G20 summit in Seoul, South Korea likely depends upon whom you are asking. While some observers feel the summit cannot really do anything to address the fundamental differences between diametrically opposed economies (see: U.S. vs. China), others feel that progress of any such summit has to be measured in slow, patient doses.
South Korea's President Lee Myung-bak (2nd L) and his wife Kim Yoon-ok (L) greet Brazil's President Luis Inacio Lula da Silva and President-elect Dilma Rouseff (R) as they arrive at the National Museum of Korea for dinner in Seoul November 11, 2010, on th

Opinion: Seoul Summit-A Post-Mortem

IB Times interviewed Michael Yoshikami, president of YCMnet Advisors of Walnut Creek, Cal. To get his views on the recently completed G20 summit in Seoul, Korea.
U.S. President Barack Obama (C) shakes hands with China's President Hu Jintao as they walk next to other world leaders during the family photo session at the G20 Summit in Seoul November 12, 2010.

China and U.S. take center stage

A major question emerging here in Seoul on the final day of the G-20 Summit, as world leaders personally powwow on global dilemmas, is this: Can the U.S. and China play nice?
G20 leaders near agreement, if not progress

G20 Seoul summit agenda

The global currency war will likely dominate discussions at the G20 Seoul summit. Other issues on the agenda include global financial regulation, development gaps, and dealing with disruptive capital inflow and outflows.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development

Resist protectionism, group says

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
Policemen use pepper sprays on protesters trying to march during a rally in central Seoul

Class struggle at the G20 summit

Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.

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