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NOT ON YET - Currency gyrations - with investors in the crossfire
Friday 10th of October 2003
With a simple statement calling for flexible exchange rates, the recent G7 meeting of global finance ministers and central bank governors appears to have set off the next leg in a multi-year downswing in the US dollar (US$). While the statement was really aimed at China (which has a fixed exchange rate to the US$), the Japanese yen and the New Zealand (NZ$) ha...
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