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FEB 11, 2013 - Zero Hedge

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Searching for the Signal in FX

Many of the major Asian markets are closed for the Lunar New Year.  This week's G7/G20 meetings are drawing attention amid reports that officials may release a statement to address the fears of a currency war.  Even a formal statement is not forthcoming, we expect 1) such statements to come from the G7 rather than the G20 and 2) for the usual boilerplate commitment to fx prices best set in the market and that certain exchange rates are not the objective of monetary or fiscal policies. The reason that the statement is more likely to come from the G7 than the G20 is that there are ... Read More

Tags: Searching for the Signal in FX,  Japanese Yen Latest News