Global currency wars pose "a real threat" to economic recovery, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, warns.
In an interview with the BBC, he says currency disputes showed countries were not co-operating as well as they had during the financial crisis. In recent weeks both the US and Europe have led criticism of China over its undervalued yuan. Meanwhile, Japan has been forced to intervene to curb rises in the yen. Read more...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
