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Currency wars lose to inflation making emerging markets winners

Posted on 28 February 2011

From Bloomberg: As recently as last month, governments of emerging economies from South Africa to Brazil warned that competitive devaluations might be needed to keep their strengthening currencies from stifling economic growth.
Now, talk of currency controls is being abandoned and interest rates are rising as record food prices and oil at $100 a barrel make inflation the bigger threat……………………………………….Full Article: Source


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