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This is very different from "manipulating" the currency.
Shen added: "People claim if Romney is in power, the next day he will tackle China for manipulating the currency.
WASHINGTON — The U.S. Treasury has said that China's policy of keeping its yuan weak and its piling up of foreign exchange reserves were "serious concerns," but it stopped short of saying China was manipulating the currency.
Barclays will also take a fresh blow to its bruised reputation as it is also being fined by the City regulator for its role in manipulating the currency markets.
No one is accusing the European Central Bank of manipulating the currency, but the euro's slide implies that the zone's members will be relying on foreign demand, not their own, to restore their fortunes.
Exports will get a boost, and the government, which has been criticized in the past for manipulating the currency to give China an unfair trade advantage, can say that it is investors who are determining how much the yuan is worth.
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The researchers reckon that central banks in developed countries have greater autonomy and are able to resist the executive's demands to manipulate the currency.
In the US earlier this year, Scott + Scott won an agreement in which a number of major banks paid investors almost $2bn£1.3bnbn) to settle a civil lawsuit tied to allegations that traders manipulated the currency market.
If he made Trump-branded ties in China, it was because the Chinese manipulated the currency — "Well, you don't know a thing about business," he said, when Rubio questioned him on that point.
In the UK, traders with infantile nicknames such as "The A team" manipulated the currency markets for years with supreme arrogance revealed not only in puerile chat messages ("Nice work gents… I don my hat"), but also in the fact that such malpractice was taking place when the banks were under investigation for a similar scandal involving the fixing of Libor, the London interbank offered rate.
As the economy stagnates and unemployment rises, pressures will grow to manipulate the currency in the mistaken belief that such monetary monkeying will create prosperity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com