18.08.2015 - Currency war heating up for yen and euro
Like frogs in a pot of water, European and Japanese policymakers face being trapped in rising temperatures caused by China’s dramatic renminbi devaluation. Beijing’s surprise move to weaken its currency is causing ripples across emerging markets and commodity-based currencies, amid worries about the impact on competition for exports, their equity markets and deflation. So what of the big currencies? Although a rising dollar may give the Federal Reserve reason to delay raising rates next month, the US economy is seen by several currency strategists as sufficiently protected from the direct consequences of China’s devaluation...............................................Full Article: Source
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