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Tag Archives: currency wars
China Lowers Rates, Fear Trade Retreats
The PBoC lowered their benchmark lending rate by 25 basis points to 6.31% on Thursday. This was the first such rate cut in nearly four years. In addition the deposit… Read more
Swiss Hint at Capital Controls
Since the Swiss National Bank pegged the Franc (AMEX:FXF) to the Euro (AMEX:FXE) last August in an attempt to stop the torrent of money flowing into that relative safe-haven it… Read more
