Free no deposit Bonus Forex
Wednesday, 21.03.2018, 19:13
Welcome Guest | RSS
Main RegistrationLogin
Site menu
Login form
Make money on Fore
FreshForex bonus

Total online: 1
Guests: 1
Users: 0
RoboForex bonus
Main » 2016 » February » 2 » El-Erian: The global currency war
El-Erian: The global currency war

Mohamed El-Erian, chief adviser to Allianz and "Financial insider" for Newsmax, believes that the Bank of Japan is doing everything possible to "reinflirovat" its economy and earn extra points of GDP growth - based on AMarkets.




Japan has driven interest rates into negative territory in order to weaken the yen. El-Erian said that such a step - a big negative for the global economy. Other countries will also have to reduce the value of their currencies for the sake of global trade competition. The expert believes that it is a bad sign, indicating that the economy really stopped to think about the global peace, and a small-town country proved to be more important goal.

Many expected that the Bank of Japan will expand its program of buying assets, but few imagined that the regulator will join the European Central Bank, the Bank of Switzerland, Denmark and Sweden. The yen slipped sharply against the dollar after the Bank of Japan's announcement of the news. But, experts say, even if the USD will get stronger by 5-10% - the Fed will start to really worry about. The bottom line - the policy of understating the value of currencies will lead the global economy to slow down even more. It is likely that in such circumstances, the Fed at all refuse from further rate hikes in 2016.


Views: 306 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Forex Brokers
no deposi binary
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright © 2018-2012
    Website builderuCoz