Can America and China Avoid a Currency War?

Can America and China Avoid a Currency War?
AP Photo/Eugene Hoshiko

Although the current poor state of Sino-American relations may make even a very limited currency détente unattainable, such a pact is not outside the realm of possibility. Ultimately, both America and China might see some advantage in taking currency conflict off the table, in the hope of preventing wider damage to themselves and others.

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