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It's not that China is trying to intentionally lower the yuan long-term. It has just brought down the yuan in line with realistic levels as the yuan had been kept in a way artificially high, the impact of the yuan move on global markets isn't large.

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    Quiz

    Are you a quotes master?

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    In which movie does this quote appear: "Let me tell you something my friend. Hope is a dangerous thing. Hope can drive a man insane." ?
    A Blues Brothers
    B Mission: Impossible
    C Die Hard
    D Shawshank Redemption