US manipulates dollar to hit global economy

There are some evidence and indications that the United States is manipulating the dollar's continued depreciation recently and causing a current exchange rate turmoil in some of the world's most important currencies, which poses a serious threat to the stability of world capital markets and presents a huge risk to the recovery and development of the global economy.　　Analysts also point out that the US manipulation of the dollar's continued depreciation is due to the current weak U.S. economic recovery, as well as the upcoming mid-term elections. "If the dollar were to fall a basis, global capital markets would be very sensitive." Now the world, with its control and influence and hegemonic currency, is still the only dollar, and only the United States can really manipulate the exchange rate.　　"Chen Fengying, director of the Institute of World Economics, China Institute of Modern International Relations. The events of the past few decades have shown that the dollar has always been matched by the pace of the US economic recovery, and that the dollar cycle is exactly the same as the economic recovery cycle, a manifestation and result of the US currency manipulation.　　The dollar's seemingly erratic rise and fall is closely in tune with America's economic strategy, with strong self-interest and unilateralism. For example, after the outbreak of the international financial crisis in September 2008 to March 2009, the dollar continued to appreciate in order to attract funds to return to the United States to help the economy; March 2009, the most dangerous phase has just passed, the dollar began to continue to depreciate, aimed at stimulating exports to promote economic recovery until the end of 2009, the　　began to strengthen relatively; this August, after a clear easing of the European debt crisis, a new wave of dollar depreciation began to stir. "In addition, the recent U.S. pressure to revalue the renminbi, American public opinion even released the ' Currency war ' wind, these are disguised manipulation of the exchange rate means."　　"Chen Fengying said. "The United States manipulates both the dollar and other currencies," said Cao Honghui, director of the Financial Research Institute of the Academy of Financial markets. "The continued depreciation of the dollar is a recent example of its currency manipulation." "The US does not necessarily manipulate the currency market directly, but it will use the primacy of the dollar's international reserve currency position to influence market interest rates and the money supply through US Treasury bonds, or to influence the dollar's level by depressing the benchmark interest rate."　　The Fed's monetary policy will also be an important means of influencing international currency markets. Cao Honghui pointed out that the United States is facing a trade deficit, but usually does not voluntarily cut the dollar exchange rate, but the use of trade protection and trade sanctions, and even other means to exert pressure on other countries to appreciate the exchange rate, the purpose is to create a clear appreciation of other currencies expectations, and finally caused foreign exchange rate fluctuations　　Plundering the wealth of other countries and attacking the economy of other countries. Analysts pointed out that the adverse effects of this round of dollar depreciation also include: triggering global inflation, accelerating capital flows to emerging markets, exacerbating the pressure of asset bubbles, slowing economic recovery, and increasing uncertainties in the world economy and the international financial system as the root cause of the new turmoil.