In a cover page analysis, the Wall Street Journal discusses portfolio manager Axel Merk's view that the Fed may be trying to devalue the dollar
WSJ headline: Fed Viewed as Trying to Devalue Dollar
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'The U.S is saying, 'These bad Brazilians, these bad Japanese,' ' for wanting their currencies to fall, said Axel Merk, chief investment officer at Merk Investments. 'But it's the U.S. that is actively working on engineering a cheaper dollar.'
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