22.03.2012 - Turning point in currency wars
A counteroffensive of sorts may be underway this year in what has seemed like a one-sided "global currency war" as developing economies slow, Western money-printing pauses and the heat comes out of pumped-up emerging market currencies. The three-year-old "war", as Brazil dubs the devaluationist policies of developed nations seeking relief from home-grown credit crunches, may well just come full circle and burn itself out as a result...............................................Full Article: Source
Print