Weeks earlier Japan sold a lot of it's currency to weaken the YEN, because more weaker it is then better for export. Now I am reading that:
"(Reuters) - The world is in an "international currency war" as governments manipulate their currencies to improve their export competitiveness, Brazilian Finance Minister Guido Mantega said on Monday."
and interesting that this topic will be discussed further: "Currency intervention is likely to be a hotly disputed topic at the next meeting of the International Monetary Fund in Washington, D.C., October 8-10." I'll keep up to this.
"Japan, Colombia, Thailand and other countries have been seeking to weaken their currencies to help accelerate their economic recovery."
Yeah, true, that's what I had read maybe two weeks ago.
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