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Why the currency wars are likely to end in a draw

Posted on 26 October 2012

The most recent round of currency battles is likely to end in a whimper rather than a bang, with major liquidity injections from central banks in the countries where the globe’s most important currencies originate the main reason they have stalled rather than sparked off, according to HSBC.
“With almost all countries seemingly having a preference for a weaker currency, the result has been a stalemate where no country gets what it wants. If the ‘currency wars’ were a sporting fixture, they would be described as a no score draw,” HSBC’s currency strategists wrote in a research note………………………………………..Full Article: Source


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