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Asia-Pac central banks call truce on currency war

Efforts to weaken exchange rates ease ahead of the Fed's anticipated interest rate hike

Thu, Aug 06, 2015 - 5:50 AM

London

CENTRAL bankers across the Asia-Pacific region are laying down arms in the global currency war as they prepare for the Federal Reserve to raise interest rates.

By dropping a call for a weaker exchange rate on Tuesday, Reserve Bank of Australia governor Glenn Stevens followed...

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