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Peso appreciation

Just in case that you’re living under a rock or something, the U.S. economy is in a slump. And it seems the world is fascinated by the Euro and Renminbi (China) by and its strength. The Renminbi is pegged to the dollar and its currently undervalued. It seems to be that the dollar is no longer the preference as the world’s reserve currency. It’s the Euro, Clifford Bennett of Sonray Capital (Bloomberg Video).

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