Currency Depreciation affects Current Account Deficits and Countries Economies especially those that have a skewed Trade Imbalance with Significantly Higher Imports (largely Crude Oil) than Exports

2014 begins ~ Currency Wars begin ~ An Omen?   Argentina devalued it’s Peso by 12% leading the Currency Bloodbath last week with the Turkish Lira sinking too Our Indian Rupee flirted briefly to appreciate below Rs 62 to the US $ only to depreciate back to over it as the week closed Currency Depreciation …

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