| Marc Chandler of Brown Brothers Harriman could not have been more sniffy about the idea of a currency wars truce being declared by the world’s main central banks. “First, a war is imagined and then an imaginary truce is declared. Really?” tweeted the FX analyst.
Real or imagined, currency wars and competitive devaluations have been the staple conversation of the FX market for decades, most recently fuelled by the successive monetary easing programmes of the central banks of the US, Japan and Europe...............................................Full Article: Source
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