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Only 90 days ago warning of "currency wars" and intervening to weaken their currencies, emerging...

  • Wednesday, May 30, 2012, 3:39 PM ET
    Only 90 days ago warning of "currency wars" and intervening to weaken their currencies, emerging nations are now moving to prop them up even as growth concerns begin to overtake inflation worries. "Policymakers have to try and strike a very careful balance," says Standard Chartered's Callum Henderson.
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    Well, if anybody ever thought that EM currencies could be safe haven, that pretty much says it all. India and China are the biggest money printers of all large economies. Of course, the developed world is doing its best to catch up on that front but that would be hard.
    30 May 2012, 04:11 PM Reply Like
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