July 21, 2008 at 23:15 PM EDT
Bloomberg: Inflation weakening some currencies
[Skip to the end] Interesting how reports of higher inflation have often meant stronger currencies in the short run due to higher anticipated rates from the CB. Inflation, however, by definition means the currency buys less of most everything; therefore, inflation and a weakening currency are one and the same. But it can take a long time [...]
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