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World Bank calls for co-operation to halt full-scale currency war

Posted on 08 October 2010

From Guardian: The World Bank warned today that a full-scale currency war risked a return to the protectionism of the 1930s amid fears that growing tension between Washington and Beijing will hinder the global economy’s recovery from its deepest post-war slump.
Concerns that this weekend’s annual meetings of the Bank and the International Monetary Fund will see an escalation of the war of words between the US and China over the level of the yuan sent the dollar to an eight-month low against the euro today……………………………………….Full Article: Source


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