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Fed Launches First Currency War Salvo, Tells ECB Not To Push Too Far
Now that The Fed is (however briefly) out of the money-printing business, it appears to have turned its attention to the rest of the world's despicable policy actions and fired what seems to be the first warning shot of 'currency wars 2.0': (as MNI reports) •ECB SOURCE SAY EUR3 BILLION BALANCE SHEET TARGET NOT IN THE CARDS •ECB SOURCE FED HAS NOTICED EUR SLIDE AND ECB MUST NOT PUSH TOO FAR One wonder how long before Jack Lew also proclaims Japan a 'currency manipulator' especially after Germany's Wolfgang Schaeuble reminded the world this morning that "growth can't be helped by printing money." The EUR reacted... ... (full story)
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