World Week Ahead More FX volatility ahead

Sun, 17 Feb 2013

By Margreet Dietz Feb. 18 (BusinessDesk) – Economic growth worldwide, deemed "still too weak", remained a key concern at a two-day meeting of Group of 20 finance ministers and central bank governors, which stopped short of asking countries to refrain from targeting exchange rates. As central banks of the US, Europe and Japan have stepped in to help revive their economies by effectively weakening their currencies, other countries are paying the price as their exports become more expensive, prompting concern about global currency wars. "We w...

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