RT- Currency Battle: Obama faces G20 grilling over dollar disaster moveSubmitted by meekandmild on Wed, 11/10/2010 - 12:13
The world's top economies take centre stage tomorrow in South Korea when the G20 summit kicks off. A major issue due to spark debate in Seoul is a battle over currencies. President Obama is expected to face tough questions over the U.S. decision to pump 600 billion freshly-printed dollars into its economy. The move is an attempt to revive the country's finances, but will result in the devaluation of the dollar. On the impact of the Federal Reserve's decision RT talks to Stephen Lewis, who's chief economist at the broker, Monument Securities.