Currency War: “The Worst of Wars”

Last week, here in Money and Markets , I suggested that the recent G-20 finance minister meetings could have a meaningful influence on the next trend in global currencies and other key markets. Therefore, we should pay very close attention to market activity. I also suggested that this “influence” could be in the form of a coordinated intervention by G-4 economies (U.S., U.K., euro zone and Japan) to weaken the yen, a viable antidote to the bubbling and divisive currency tensions. And given the context of the statement from the G-20 last weekend, that scenario looks quite plausible. G-20: What They Said The… . . . → Full Story: Currency War: “The Worst of Wars”