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Brazil Will Handle This 'Yuan' on Its Own, Thank You

Chinese Yuan
Chinese Yuan

The United States isn't the only country unhappy about China's monetary policy.

When Treasury Secretary Timothy Geithner last week asked Brazilian officials to lobby China to give the yuan a little breathing room (er, room to rise), there were indications that Brazil was generally of the same mind as the U.S. But Tuesday Brazil is clarified its position. Hint: it probably isn't what Geithner wanted to hear.

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