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FEB 07, 2013 - Business Insider

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MORGAN STANLEY: It's Time To Buy The 'Currency War' Basket

There's been lots of chatter about currency wars.  This is the idea that central banks around the world will do whatever they can to weaken their local currency against others in an effort to make their exports more competitive. Last week, Morgan Stanley's Manoj Pradhan warned that Japan had "changed the game" and would likely retaliate against other central banks that would attempt to weaken their own currencies. Here's Morgan Stanley today: Policy-driven JPY weakness has re-ignited concerns of a race to the bottom in currency markets, particularly as global growth limps along. To be ... Read More

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