Saturday 6 November 2010

Quick follow up on the current currency war




Interesting developments on the ongoing currency war that I reported in my previous post, as the FED (i.e. the US Federal Reserve Bank ) has pumped 6 billion dollars more to fight unemployment. As a result the dollar value has fallen even more,compared to half a month ago that reached the lowest in 15 years, with an adverse effect on all import prices in the US market. In the meanwhile I am still looking for a report by WTO on the current event but they have yet to issue any thing. And the war goes on...


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