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China moving towards revaluing its currency

Story here. Some good analysis of both the economics of the move and what it shows about the US-China relationship here.

By Ezra Klein  |  June 21, 2010; 10:22 AM ET
 
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Comments

Peter Morici argues on The Street Dot Com how China Yuan Policy is rendering Fed irrelevant. It is a surprising Left take from a Market News Site, quite persuasive and strong. I do not know if that is fully correct or not, though it sounds reasonable.

(http://www.thestreet.com/story/10787879/1/chinas-yuan-policy-makes-fed-irrelevant.html?kval=dontmiss)

Marc Chandler is out saying, this is just 'fake' by China.

What giveth Ezra here? Anything you want to shed more light on? And of course how all this 'roils' our Congress and White House?

Posted by: umesh409 | June 21, 2010 10:53 AM | Report abuse

I agree with umesh409. I'm looking forward to Ezra's comments.

Posted by: keilprti1 | June 21, 2010 12:50 PM | Report abuse

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