is that china now is playing part of this game >>> the federal reserve understand former chair victor bernadez was accused of using -- ben bernanke was accused of using grounds to swell the balance sheet and push down the value of u.s. dollar, at the expense of competing countries. a process that kept the yen weak against the dollar, and found their way to europe this year when the european central bank started bond buying to devalue the euro against the dollar. moves that whipped around to china, because the value of its currency is loosely pegged to the dollar. >> because of that loose peg, because the dollar has dropped against the yen and euro, china is down. when the people's banks of china decided to execute a one-off depreciation on tuesday, it's lit the surprise economists around the globe are crying currency war. >> this week evaluations came on the heels of weaker than expected export data. the china central bank insists it's not competitively evaluating, but changing to give market forces more influence. something the international monetary fund is pressing to do to earn the juan st