Monday, October 04, 2010

GLOBAL ECONOMY WEEKAHEAD-Currency war fears tinge IMF meetings - Yahoo! Finance

GLOBAL ECONOMY WEEKAHEAD-Currency war fears tinge IMF meetings - Yahoo! Finance:

WASHINGTON, Oct 3 (Reuters) - If there's one thing the world's economic powers can agree on, it's that none of them wants a strong currency right now.

Most advanced economies expect lukewarm domestic growth at least through next year, leaving them unusually export-dependent. The major emerging economies, including China and Brazil, rely on exports too. They all know a weaker currency gives their goods a competitive advantage."

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