China has become a major player in the global economy in recent years . The country's currency is the Renminbi, the exchange rate per dollar is 7.2103 Renminbi and the balance of trade as of right now is +259.8bn.
Germany is one of the world's most advanced market economies. It is the world's third largest economy in USD exchange-rate terms, the fifth largest by purchasing power parity and the largest economy in Europe... displayed 300 characters
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The country's currency is the Euro and the exchange rate per dollar is 0.6815 Euros. The balance of trade as of right now is +268.1bn.
The United States of America has the largest and most technologically powerful economy in the world. In this market-oriented economy, private individual and business firms make most of the decisions... displayed next 300 characters
Some US economists believe that the reason for RMB to be pegged with the U.S dollar is to encourage the export of Chinese goods. Furthermore, these economists also believe that RMB is currently undervalued and the pegged exchange rate policy is a result of the large trading deficit in the US over the last couple of years...
Between 1980 and 1984 the dollar had high interest rates, between 11.3% and 13.7%. The high interest rates were to combat high inflation in the US economy, the interest rates also caused the dollar to appreciate against other currencies...
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