07/13/2010 10:52 am ET Updated May 25, 2011

Rising Yuan Won't Help Jobless Americans

The dollar value of the Chinese yuan was at its highest level since the early 1990s on Monday as the Beijing government continued to allow its currency to slowly appreciate. But hopes that the new policy would result in a dramatically different trade picture -- slowing exports to the U.S. and helping to create American jobs -- are unlikely to be realized.

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