Is the U.S. a Currency Manipulator?

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Includes: UDN, UUP
by: Calafia Beach Pundit
The U.S. dollar has depreciated by about 30% over the last 8 years, and during that time period U.S. exports as a share of GDP increased from about 2.2% in 2002 to 3.3% in mid-2008, and then fell through early 2009 as a result of the recession and a stronger dollar (see chart). Since early 2009, the dollar's decline has continued, and exports as a share of GDP have been increasing. Is the U.S. guilty of manipulating its currency to increase exports?

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