Here’s What the Shanghai Accord Means for the Dollar - InvestingChannel

Here’s What the Shanghai Accord Means for the Dollar

The Shanghai Accord in its simplest form is a weaker dollar, a weaker dollar for imported inflation, a weaker dollar to stimulate U.S. exports (as noted previously here). It was a way for China to cheapen their currency without breaking the peg to the dollar.

The post Here’s What the Shanghai Accord Means for the Dollar was originally published at The Wall Street Examiner. Follow the money!