‘Currency War Alive and Well’ as Yen, Euro Advance Against Dollar
SputnikNews.com
17.01.2016
Experts forecast a revival of the currency war amid the yen’s advance against the dollar for the third time in three weeks and the euro gaining ground against most of its peers. As hedge funds raise their outlook on the yen to the highest in three years, market analysts suggest that “the currency war is still alive and well.”
“Japan’s currency advanced versus the dollar for the third time in four weeks, while the euro climbed versus most of its peers,” according to a report by Bloomberg. “Hedge funds lifted bets on yen strength to the highest in more than three years, and pared wagers against the European common currency.”
“The greenback suffered as sentiment cooled for further currency-supportive interest-rate increases in the US amid sustained market volatility and weaker-than-forecast domestic economic data,” it further says.
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