By Agency reporter

Thursday, 11 Nov 2010

United State President, Barack Obama, found himself on the defensive before a summit of world leaders on Thursday as Asian and European counterparts disparage US economic policies they say weaken the dollar and stoke hot-money flows, Bloomberg News reported on Wednesday.

Obama arrives at Seoul Air Base for the G20 Seoul Summit 2010, in Seoul and finds finds himself on the defensive as world leaders gather in Seoul for the Group of 20 summit, with members disparaging US economic policies they say weaken the dollar and stoke hot-money flows.

The US Federal Reserve decision last week to pump $600bn into world‘s biggest economy has stolen the spotlight away from China‘s currency.

Source: Punch