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Global Imbalances

Storm clouds are gathering over the global economy as a currency war looms. The US wants a stronger Chinese currency; China isn't budging. And there's more to global imbalances than exchange rates.

As the US looks to exports for recovery, its ire is turned upon China. America complains that China's currency is wildly undervalued. But emerging economies too are feeling the pain of global imbalances. Business Daily speaks to Roberto E. SetΓΊbal President & CEO of ItaΓΊ Unibanco Banco Multiplo S/A about Brazil's soaring real, and Jonny Dymond talks to Charles Dallara, who helped draft the Plaza Accord in 1985, which successfully drove the dollar down.

And - glad to be grey? The baby boomers and beyond are feeling persecuted. James Srodes from Washington says more senior citizens have nothing to be ashamed of.

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18 minutes

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Wed 13 Oct 2010 07:32GMT
Βι¶ΉΤΌΕΔ World Service Online

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  • Wed 13 Oct 2010 07:32GMT
    Βι¶ΉΤΌΕΔ World Service Online

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  • Business Daily

    The daily drama of money and work from the Βι¶ΉΤΌΕΔ.