The last time the G - 20 issued such a firm statement
against currency wars Japan was in the spotlight as its campaign of monetary stimulus pushed the yen to its lowest level against the dollar in about five years.
But with global markets hitting turbulence, the yellow metal is looking more attractive as insurance
against the currency wars.
Not exact matches
In view of this, it is puzzling that these countries complained about «
currency wars,» alleging that the «monetary tsunami» unleashed by the U.S. and the euro area was threatening their competitive positions by pulling up their
currencies, when, in fact, the real and the rupeewere falling
against the dollar and the euro.
LONDON, April 11 - The U.S. dollar slipped to a two - week low
against a basket of
currencies on Wednesday as trade
war fears receded but uncertainty over possible Western military action
against Syria bred risk aversion among some investors.
The Japanese
currency has been mostly on the rise
against the U.S. dollar as investors look for a safe haven amid fears of a global trade
war.
Meanwhile, the rumblings about
currency wars — the real has risen nearly 40 %
against the U.S. dollar since last January — may represent just the first stirrings of a Brazil that's newly imposing on the geopolitical stage.
I think the
currency is still highly regarded but the Swiss central bank is participating in the
currency war and has attempted multiple times in the past couple of years to debase its
currency so it does not appreciate
against the euro or dollar.