Analysts hit back at currency war claims
The Institute for International Finance called for more global co-ordination on macroeconomic, trade and currency policies to address the battle developing in the currency markets. However analysts claim the preconditions for successful co-operation are not in place.
“Past attempts to co-ordinate under suboptimal conditions have been damaging,” said Jeffrey Young, currency strategist at Barclays Capital in New York. “We do not want to underestimate risks of discord, but if major countries set
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