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IMF warning over global currency wars

Global currency wars pose "a real threat" to economic recovery, the head of the International Monetary Fund, Dominique Strauss-Kahn, has warned.

In recent weeks both the US and Europe have led criticism of China over its undervalued yuan.

Meanwhile, Japan been forced to intervene to curb rises in the yen.

Stephanie Flanders reports.

  • 07 Oct 2010