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Israel’s Fischer sees yield surge easing currency war

Posted on 13 June 2013

The temptation for central banks to engage in competitive devaluation is fading as rising Treasury yields diminish the allure of assets in emerging markets, Bank of Israel Governor Stanley Fischer said.
“All those who’ve been worrying about so-called currency wars should be feeling better,” Fischer told reporters in London late yesterday. “I am happy to see these rises in Treasury yields because we’ve been dealing with capital inflows which are not particularly wanted.”……………………………………….Full Article: Source


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