Salient to Investors:
The push for weaker currencies is being driven by a need to find new sources of economic growth as monetary and fiscal policies run out of room.
Chris Turner at ING said yesterday will go down as the first day European policy makers fired a shot in the 2013 currency war.
Goldman Sachs and Citigroup said a further strengthening of the euro could eventually help trigger an interest-rate cut from the ECB.
James Bullard at FRB of St. Louis is disturbed by Japan’s stance and the risk of beggar-thy-neighbor policies.
Read the full article at http://www.bloomberg.com/news/2013-01-16/russia-says-world-is-nearing-currency-war-as-europe-joins.html.