It can now be fully confirmed that we are in the middle of a currency war on a global scale. On April 19, the Thai baht was trading at Bt28.55 against the US dollar. At that point, Dr Prasarn Trairatvorakul, the Bank of Thailand governor, almost lost …

Brazil is waving the white flag in the supposed currency war. By Roberto A. Ferdman, Matt Phillips — June 5, 2013. If there was ever a global currency war—and we've long been skeptical—Brazil's Finance Minister Guido Mantega just effectively …

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 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 …

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 …

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 …

RAM Ratings opines that this unprecedented policy is not aimed at triggering a competitive devaluation of the yen, but is rather an attempt to induce inflation. In this respect, we recognise the stronger commitment and better coordination between the …

They are calling for more wage-cutting, more price-cutting, more budget-cutting, and more tax raising, in short more of what technocrats call "internal devaluation." Let me break this down. The Troika knows that they cannot depend upon spending from …

… the explanation has to be a combination of the worry that the US data looks far too mixed for the Fed to consider a taper any time soon while the ECB can't join the competitive devaluation game and the UK data is improving sufficiently to keep …