17.01.2013 - World currencies preparing for a currency war
The global risk appetite weakened over the US and Asian sessions, as the World Bank revised to the downside the Japanese and US growth, and predicted a second year of contraction in the Euro-Zone. While 2013 was seen as a recovery year for the world's leading economies so far, the anticipations lost pace as the structural, economical and political concerns remain far from being resolved, particularly in US and the Euro-Zone. In Japan, the Yen weakness raised concerns regarding a potential debt default, while the Fed President Plosser warned over the broadening of 'currency wars'...............................................Full Article: Source
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