Search Result for : Currency War

Deepak Kumar US President Donald Trump-led administration is playing accusation games, at least that is what was evident when Trump in his early two weeks of presidency labelled China, Japan and Germany as currency manipulators, raising worldwide nervousness that his remarks about currency manipulations could translate into a new round of global currency wars. While Trump in his pre-election promises accused China, largely seen as the US’ competitor in the global economic and diplomatic sphere, of manipulating Yuan for gaining currency advantage in the global financial market, his government has recently aimed accusations at Japan and Germany, widely regarded as two of the US’ closest allies, of influencing the valuation of their currencies, thereby generating similar set of fears among its friends and ...

Will the 'race to the bottom" become a reality in 2016? The Dollar Business analyses Indranil Das | The Dollar Business China’s shock devaluation of the yuan against the dollar by nearly 2% in August last year provoked rumours that the world was at the cusp of another currency war. Devaluations by Vietnam and Kazakhstan, two countries with close ties to the Chinese economy, further bolstered this fear. Kazakh President Nursultan Nazarbayev, who earlier last year pledged to avoid any sharp depreciation, said the adjustment was essential to avoid a recession. Within a week currencies across Asia started weakening, signalling that the fears may come true. BEGGAR THY NEIGHBOUR While the last half of 2015 did see significant quantitative easing by export oriented economies, ...