Compare two statements about exchange rates

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Reference no: EM131221908

Compare two statements about exchange rates that Henry Paulson, Treasury secretary under President Bush, made in 2007:

(1) "A strong dollar is in our nation's interest."

(2) "The currency [China's yuan] needs to appreciate, and it needs to appreciate faster." Are the two statements consistent with one another? Why might the same official make both statements?

Reference no: EM131221908

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