| German chancellor Angela Merkel has reignited fears that world leaders are stoking currency wars by saying that recent strengthening in the euro was making it harder for eurozone countries such as Spain and Ireland to reform.
Her words had an immediate impact on the euro, sending it down 0.9 per cent against the dollar to $1.1150, although the single currency recovered that loss yesterday afternoon. The euro had already come under pressure as worries over a Greek exit from the eurozone weighed on investors...............................................Full Article: Source |