With Chinese President Hu Jintao in Washington this week, a lot of talk has turned to the largest business the U.S. has with China – currency. Mr. Jintao said making the yuan “an international currency will be a fairly long process.”  Yet it has begun. One of the first steps in giving the redback some [...]

On Thursday the Dow was up almost three percent to 10,172. Foreign reports boosted markets as Australia had stronger than expected employment figures, New Zealand raised interest rates, Japan’s economy grew 1.2% in the first quarter, and the European Central Bank boosted its expectations for the European growth this year. China also boasted a $19.5 [...]