| Currency wars - where countries deliberately try to depreciate the value of their local currency so they can stimulate their economy - have become a major concern for investors. They've knocked billions off the value of pension funds, sent stock markets plunging, and made overseas property prohibitively expensive for some people - and dirt cheap for others.
"Currency wars are a live issue for investors," said Jason Hollands, managing director of the British investment broker, Tilney Bestinvest. "You could be investing in a region and enjoying strong returns on the stock market - but if the currency is moving the wrong way, you'll lose some of those returns. If a country seeks to revalue its currency, it's always at someone else's expense."..............................................Full Article: Source
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