Moley Shifts as Currency War Looms Over London Talks
Raymond Moley, undersecretary of state, will settle the London economic conference one way or another. The Roosevelt administration aims to keep the dollar down, provoking currency moves in Europe and potential gains for U S business. Europe may dip currencies below the gold standard, with the United States offering stabilization later. Moley’s public demeanor has hardened since Cleveland visits, raising questions about his role and influence on domestic politics.
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