RPT-Race for weakness to see euro, sterling gain in 2013

Posted by Forexsq 1055 days ago (http://www.reuters.com)
img forexsq - The yen and dollar face a tough 2013 as the Japanese and U.S. central banks print money furiously to stimulate their economies, making the euro and sterling unlikely relative winners despite Europe's gloomy prospects.

With a global economic recovery looking shaky, analysts say the major central banks will be happy to see their currencies weaken this year if it helps their exporters to become more internationally competitive.

This could trigger a round of competitive devaluations among the world's most heavily-traded currencies, with Japan a likely winner in this race for weakness as its new government tries to end decades of regular recessions and deflation. forex

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