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U.S., Europe seek to cool currency jitters

Posted on 11 February 2013

U.S. and European financial policy makers are discussing issuing a joint message designed to head off a potentially destabilizing round of currency devaluations, according to people familiar with the talks.
The discussions follow comments in recent months from Japanese Prime Minister Shinzo Abe and his aides implying they were targeting a specific exchange rate. This rhetoric, and a sharp drop in the yen, have sparked warnings from Latin America to Europe about a looming currency war in which nations devalue their currencies to boost exports………………………………………..Full Article: Source


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