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“More than Coca-Cola, the dollar is surely the United States' signature export.”
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“The dollar has to fall not only against China but against the whole trade-weighted basket.”
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“More pressure on China is inevitable. Without further adjustment by the Chinese, the global imbalances will worsen.”
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“European financial markets were able to navigate problems of 9/11 and the Madrid and London bombings without too much instability, because they didn't have the extra layer of exchange-rate problems.”
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“The fund has been too soft-spoken for too long on all major issues. ... The momentum (for change) is building.”
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