| How do you know you’re in a currency war? Central banks will be cutting rates like it’s going out of fashion, for a start. Stephen Cohen, chief investment strategist for BlackRock international fixed income, noted that 15 central banks have already cut rates this year. And there could be more to come with the People’s Bank of China and the Bank of Japan expected to ease policy further.
The kind of currency volatility that creates “is something we expect to continue,” said Mr. Cohen. Which brings us to exhibit B: foreign exchange volatility...............................................Full Article: Source
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