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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (43939)1/6/2012 7:05:22 AM
From: elmatador  Read Replies (1) of 71475
 
China and Japan find common ground launched a major monetary framework agreement, clinched a deal for direct exchange of Chinese yuan against the Japanese yen.

The yuan is not fully convertible, and previously trade took place through US dollars. Furthermore, the two countries have agreed to let their currencies appreciate against the dollar and the euro. Finally, Japan has indicated its willingness to buy Chinese debt, even if Beijing does not need to unload it.
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