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Politics : Politics for Pros- moderated

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From: FJB	11/4/2010 7:56:29 PM
	1 Recommendation of 793622

Brazil ready to retaliate for US move in ‘currency war’By John Paul Rathbone in London and Jonathan Wheatley in São Paulo Published: November 4 2010 18:28 \| Last updated: November 4 2010 18:28 Brazil, the country that fired the gun on the so-called “currency wars”, is girding itself for further battle. ft.com Backlash against Fed’s $600bn easingBy Alan Beattie in Washington, Kevin Brown in Singapore and Jennifer Hughes in London Published: November 4 2010 18:43 \| Last updated: November 4 2010 18:43 The US Federal Reserve’s decision to pump an extra $600bn into the economy has galvanized emerging market central banks into preparing defensive measures and sparked criticism from leading global economies. The Fed’s initiative, in response to rising concern about the weakness of the US economy, has fuelled fears of a sharp drop in the dollar and a fresh flood of capital inflows into emerging markets... ft.com

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