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Currency traders want clarity as bloopers stoke volatility

World leaders' remarks have sent currency markets into a tailspin

New York

IF there's one thing currency traders want from politicians and central bankers in the second half of the year it's more clarity - and fewer gaffes - on policy direction.

The headlines from the Greek talks are the latest example: the euro tumbled after Prime Minister Alexis Tsipras was reported by a Greek official last week to have said creditors rejected his latest reform proposal, only to rally when it emerged that it wasn't quite what he meant.

From Barack Obama and Angela Merkel to the governor of the Bank of Japan, officials the world over have made, or had attributed to them, comments that moved currencies in ways they apparently didn't expect.

The policy flip-flopping has made the...

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