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Who is winning the currency war?

Posted on 07 November 2012

Over the past year we have seen the US Dollar rise and fall, as did the Euro and Yen. Looking at Japan we know that when the Yen gets to high their exports suffer and while 50% of Japan’s economy may be on consumers spending in Japan, their life blood are their exports. So we have seen the BOJ take steps to keep the Yen down.
This has not been an easy task as the Euro is having trouble because of the European debt crisis, and Ben Bernanke keeps up with QE 1-2-3. The Fed knows a weaker dollar helps US exports. The Fed also knows that 70% of the US economy is based on consumer spending (this is questionable by some). And what about the Euro?……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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