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Currency war feared after EU cuts rates

Posted on 13 November 2013

The euro slid by 1.5 per cent after the European Central Bank cut a key interest rate last week, saying it hoped to stimulate the economy and head off deflation.
The U.S. is more than two years into a program of quantitative easing without a sign of tapering and now more countries are moving to deflate the value of their currency, among them New Zealand, Australia, the Czech Republic and Japan………………………………………..Full Article: Source


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