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Currency Rift With China Exposes Lost Clout of U.S.

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the crisis has shifted influence from the richest powers toward Asia and Latin America, whose economies have weathered the recession better than those of the United States, Europe and Japan. The shifting dynamics have most noticeably affected the United States, which pushed more forcefully than its counterparts for stronger pressure on China but has been unable to persuade them to stand with it at the forefront of the debate.

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