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Currency wars to intensify in 2013

Posted on 02 January 2013

The simmering currency war among the world’s major economic powers is set to heat up significantly over the coming year following the decision by the US Federal Reserve earlier this month to step up its so-called “quantitative easing” program.
Under the new initiative the Fed will expand its holdings of financial assets from their present level of $2.9 trillion to some $4 trillion by the end of 2014 through continuing purchases of mortgage-backed securities and Treasury bonds………………………………………..Full Article: Source


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