Currency wars, the Aussie and ECB strategy
In an article published in the Sydney Morning Herald and written by Mark Mulligan, Kit Juckes, Global Strategist at Societe Generale, discusses the current currency moves and the G20 meeting in Shanghai, China:
"I think it's a bit of a stretch to read 'G20 co-ordination' into the recent moves "but I do think the Shanghai meeting saw both a tacit agreement to stop using currency devaluation as a tool quite so openly, and sufficient concern about deflationary pressures to egg central banks on."
Kit Juckes, Global Head of FX Strategy at Societe Generale
To read the article, please visit: www.smh.com.au