BREAKING NEWS: Orders for U.S. Business Equipment Unexpectedly Declines

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While a declining currency should make exports cheaper to foreign buyers, it also hurts import-reliant companies and masks competitive weakness. The risk is that any benefits are wiped out and foreign retaliation sparks competitive devaluations.

Photographer: Tomohiro Ohsumi/Bloomberg

While a declining currency should make exports cheaper to foreign buyers, it also hurts import-reliant companies and masks competitive weakness. The risk is that any benefits are wiped out and foreign retaliation sparks competitive devaluations.
February 15, 2013
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