Friday 29 October 2010
Thursday 28 October 2010
Saturday 23 October 2010
Friday 22 October 2010
Thursday 21 October 2010
Monday 18 October 2010
Thursday 14 October 2010
Monday 11 October 2010
Friday 8 October 2010
Currency war
FT reported that the IMF is worried about exchange rate manipulation by some countries:
“There is clearly the idea beginning to circulate that currencies can be used as a policy weapon,” Mr Strauss-Kahn told the Financial Times on Monday.“Translated into action, such an idea would represent a very serious risk to the global recovery . . . Any such approach would have a negative and very damaging longer-run impact.”
Government bonds, stocks and gold prices all rose on the expectation that central banks of the world’s biggest economies would embark on a round of quantitative easing.
Governments are risking a currency war if they try to use exchange rates to solve domestic problems, the head of the International Monetary Fund, Dominique Strauss-Kahn, has warned.
“There is clearly the idea beginning to circulate that currencies can be used as a policy weapon,” Mr Strauss-Kahn told the Financial Times on Monday.“Translated into action, such an idea would represent a very serious risk to the global recovery . . . Any such approach would have a negative and very damaging longer-run impact.”
Government bonds, stocks and gold prices all rose on the expectation that central banks of the world’s biggest economies would embark on a round of quantitative easing.
Monday 4 October 2010
Subscribe to:
Posts (Atom)