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1.Market Observations, 8.Was Sticky

26 Feb 2015 (AFR) – Janet Yellen talks down currency wars

(26 Feb 2015, AFR, p17, John Kehoe)

‘US Federal Reserve chairwoman Janet Yellen has pushed back against mounting claims that central banks around the world are engaging in manipulative currency wars, as the Fed inches closer towards lifting interest rates from near-zero levels. More than a dozen central banks, including in Australia, Canada, Asia and Europe, have cut interest rates or expanded money-printing programs in recent weeks, igniting debate about whether monetary policy is being used to artificially lower exchange rates and make exports more competitive.’

Read more at AFR.com (might need AFR login access)

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