devaluation

As the U.S. dollar witnessed its largest two-day decline in over two years, an economist argues the importance of devaluation for global growth while another expert explains the weakness to as a symptom and not a cause. What Happened: The macro strategist at Crescat Capital, Otavio Costa...

Secretary of Treasury Timothy Geithner will travel to Beijing this week to meet with Chinese Vice Premier Wang Qishan in an effort to discuss pressing economic issues - including, some say, China's alleged undervaluing of the yuan. The yuan was pegged to the U.S. dollar from the 1970's to 2005,...