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Currency Trends in January-February 2013 (Monthly Report)

2013-03-01 20:35:51| EmergingTextiles.com

The yen and the pound heavily fell in first two months of 2012, as a clear sign central banks are engaged in expansion of money supply in order to boost economic growth. This is resulting in a currency war between developed economies threatening exporters in low-cost countries. Our monthly statistical report displays a comprehensive view of currency values against the US dollar but also v. the euro, the British pound, the Indian and Pak rupees, and the Chinese renminbi.

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