| 25.10.2010 - Currency war averted for now |
| From Sfgate.com: The world stepped back from the brink of a currency war Saturday when the world's rich nations agreed to keep from weakening their currencies in order to gain competitive advantage. Despite finger-pointing at China, warnings of a destructive currency war from Brazil and reluctance displayed by export giant Germany, an ugly trade fight was avoided. Now, back to the work of healing the global economy..............................................Full Article: Source |