The pesky problem of China's undervalued currency just won't seem to go away.
Germany takes great advantage of a vastly undervalued currency that renders its exports far cheaper than they would be otherwise.
Mr Snow has taken up the misleading lament that China's undervalued currency and cheap exports are tearing the heart out of American industry.
The latest of those, which passed the Senate in October, calls for retaliation against any country that engineers an oversized surplus with an undervalued currency.
Beijing can get away with informal price controls if it deals with the underlying causes of inflation: an undervalued currency, which has kept export receipts artificially strong, and overly stimulative policies adopted late 2008.
Last week, Treasury Secretary Timothy Geithner said China must do more to address its undervalued currency and dependence on exports, adding that such a move is in Beijing's best interest because it will control inflation.
They fear that China, through an undervalued currency, trade barriers and state subsidies to its exporters - in the form of cheap land, cheap loans, export rebates and other help - is hollowing out US industry and jobs.
Americans feel that China unfairly maintains an undervalued currency as a way of encouraging its export industries at the expense of manufacturers in other countries, and Democrats are generally seen as more concerned with labor matters than Republicans.
Earlier last week, U.S. Treasury Secretary Timothy Geithner said that China needed to do more to address the trade gap and U.S. complaints about an undervalued Chinese currency.
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Moreover, in blaming an undervalued Chinese currency for the loss of American jobs, Trump has fallen into the same trap that many politicians have fallen into before him.
As long as there was uncertainty about the long-term value of the Swiss franc, speculators who thought the currency undervalued had an incentive to buy francs in order to profit from the appreciation, pushing the price up in the process.
If the Chinese currency is undervalued, its effect on U.S. business and job creation is negligible.
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It is -- we have said for quite some time that the currency is undervalued and that reforms need to be undertaken.
All we heard last spring and summer from the president is that the Chinese currency is undervalued and that something has got to be done about it.
While there are still likely many more economists who believe the currency is undervalued than not, the prices of imports from China have been rising fairly consistently since 2007 (with a brief hiccup during the recession of 08-09), as this chart from the St.
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Thus if a currency seems significantly undervalued, argues the report, a central bank should raise interest rates by more than strictly necessary to keep a lid on future inflation.
Many people in the U. S. believe that the Chinese currency yuan is undervalued by 25-40 percent, which causes large trade deficits between the U. S. and China and costs hundreds of thousands of American jobs.
China's currency is among the most undervalued, though a bit less so than a year ago.
Officials from the European Commission said there was nothing to add to last week's statement by eurozone finance ministers that the single currency was "markedly" undervalued, given the strong fundamentals of the region's economy.
But the Swedish currency, she says, is undervalued and is likely to appreciate as Sweden edges closer to joining the euro bloc.
The resultant weak yen, as much as the undervalued Chinese yuan, is what is distorting currency and trade flows near and far.
If that flight by Chinese nationals spooked foreign investors enough to deter capital inflows, there could be significant downward pressure on the Chinese yuan under a free-floating currency regime, in which case the currency is now overvalued, not undervalued.
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The Americans had all but officially accused the Chinese of currency manipulation, of keeping the yuan undervalued.
In addition, the CEA has indicated that currency markets will play a major role in the report Monday, but don't expect it to push for a revaluation of China's currency, which many believed to be undervalued, thus contributing to the U.S. trade deficit.
In 2002, a subdued year for the world economy, India's exports grew by 19.2%, a rate beaten only by China, whose currency, Indian exporters point out, is notoriously undervalued, whereas the rupee has, unusually, been appreciating against the dollar.
That, in turn, means that a currency such as Argentina's peso, which is undervalued only a tad against the dollar, is massively overvalued compared with other currencies, such as the Brazilian real and virtually all of the East Asian currencies.
Hence the Swiss franc is the most overvalued currency (by 64%), the ringgit the most undervalued (by 51%).
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However, profiting from the mispricing of risk in multiple-currency financial derivatives, or from the fact that a particular supermarket chains are undervalued, are harder for people outside the enclaves of Wall Street or the City of London to understand.
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