The US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve.
Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Mr Greenspan argues that with China also holding down the renminbi, the upward pressure on currencies elsewhere risks a return to widespread trade protectionism.
http://www.ft.com/cms/s/0/b6e3d086-ed12-11df-9912-00144feab49a.html#axzz14wHk2SXy
No comments:
Post a Comment