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Currency war averted for now

Posted on 25 October 2010

From Sfgate.com: The world stepped back from the brink of a currency war Saturday when the world’s rich nations agreed to keep from weakening their currencies in order to gain competitive advantage.
Despite finger-pointing at China, warnings of a destructive currency war from Brazil and reluctance displayed by export giant Germany, an ugly trade fight was avoided. Now, back to the work of healing the global economy……………………………………….Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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