Home > Investing Articles > “Sakura Financial”– QE2 Draws Criticism From G20 Members.

“Sakura Financial”– QE2 Draws Criticism From G20 Members.

Todays Date: October 17, 2018

Sakura Financial Group: US accused of double standards after publicly denouncing currency manipulation.

“Sakura Financial Group” have warned investors of an increased likelihood of an all-out currency war after the US Federal Reserve’s decision to add a further $600bn to reinvigorate the lethargic pace of America’s economic recovery.

Following the announcement last week, the dollar continued to decline in value against the currencies of both its major trading partners and those of larger members of the G20 nations.

Germany’s finance minister, Wolfgang Schäuble said, “. . . US policy is clueless” and one of the lead Chinese negotiators at the forthcoming G20 summit in Seoul, South Korea said that quantitative easing was a far more pressing issue than the matter of trade imbalances between deficit and surplus nations.

“Sakura Financial Group” believes that the latest move by the US will draw retaliation from Japan who may, once again, intervene in the forex markets to suppress the value of the yen which has recently reached 15 year highs against the dollar.

“We don’t think that China will take this lying down since it holds more US treasuries and mortgage agency debt than any other country.  It is literally watching its investments drop in value”, said a “Sakura Financial Group” analyst.

The US is largely seen as encouraging coordinated action to preserve the global economy whilst taking unilateral action to boost growth at home to the detriment of other nations.

http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/digg_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/reddit_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/dzone_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/stumbleupon_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/delicious_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/technorati_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/google_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/yahoobuzz_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/mixx_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/twitter_32.png http://financearticledirectory.com/wordpress/wp-content/plugins/sociofluid/images/jamespot_32.png
Comments are closed.