Almost exactly a year ago we discussed the issues faced by India, as the nation's currency weakened to record lows (see post). We are now back to another round of rupee devaluation. In the last few days the USD/INR exchange rate exceeded the …

The global currency war has reached a critical juncture. The United States and the United Kingdom appear to have won the battle in this round against the BRICS and emerging-market countries. The first round of quantitative easing (QE1), launched by the …

The burgeoning USD strength may even lead to an unconscious and unofficial currency war, with the central banks in the UK and the Eurozone looking to try and protect the recent gains in their respective currencies. The USD strength is particularly …

Almost exactly a year ago we discussed the issues faced by India, as the nation's currency weakened to record lows (see post). We are now back to another round of rupee devaluation. In the last few days the USD/INR exchange rate exceeded the …