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Currency wars would damage global, U.S. economies - BBH’s Marc Chandler

Posted on 22 October 2010

From Kitco News: Despite foreign exchange tensions between the western nations and China and emerging countries, there is no full-scale currency war yet, according to a senior foreign exchange strategist.
Marc Chandler, senior vice president for global currency strategy for Brown Brothers Harriman, said in an interview with Kitco News that currency wars are dangerous and hark back to the type of “beggar thy neighbor” competitive devaluation that exacerbated the Great Depression. To go to that extent would hurt world growth. Should a currency war develop, the results would be negative for the global and U.S. economies, he said……………………………………….Full Article: Source


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