Currency wars is threatening to make a comeback at the start of 2014, judging by a rise in official rhetoric from Japanâ??s neighbors about a weak yen.
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Spot gold prices edged down 0.3 percent on Tuesday, after hitting a 7-1/2-month low in the previous session with the largest daily price swing on record, while the latest effort by euro zone leaders to resolve the debt crisis revived risk appetite and reduced demand for safe-haven assets.*
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The *age-old idea is attracting new fans, amid growing investor concern that enormous government borrowing is weakening the dollar and spark hyper-inflation.
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Despite March's catastrophic earthquake and a seven percent drop in the Nikkei, Japan could be on the verge of a turnaround, with Paul Sheard, Nomura Securities.
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For years, the Vietnamese’s preferred way to conduct transactions would be to accept payments in U.S. dollars and return change in Dong — evidence of their innate distrust in the domestic currency.
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