(Bloomberg) -- The global currency war is threatening to
prove a silent killer.
So says David Woo, head of global rates and currencies research at Bank of America Merrill Lynch in New York.
While some question the existence of any conflict -- arguing that falling exchange rates merely reflect efforts by central banks to spur lackluster domestic economies -- Woo expresses concern.
“There is a growing consensus in the market that an
unspoken currency war has broken out,” he said in a report to
clients this week. “The reason why this is a war is that it is
ultimately a zero-sum game -- someone gains only because someone
else will lose.”
Read more at Click here / www.trade4x.net
So says David Woo, head of global rates and currencies research at Bank of America Merrill Lynch in New York.
While some question the existence of any conflict -- arguing that falling exchange rates merely reflect efforts by central banks to spur lackluster domestic economies -- Woo expresses concern.
Read more at Click here / www.trade4x.net
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