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Why currency wars will cause the world more financial pain

Posted on 28 July 2016

The currency wars raging across global markets are entering a more dangerous phase. Japan and Europe are likely to further ease monetary policy in an attempt to weaken their currencies to address the lack of growth and low inflation.
China, meanwhile, needs to devalue to help manage a slowing economy, property bubble, industrial overcapacity, fragile banking system and export-dependent, debt-based economic model. These efforts may not work. For example, both the yen and euro so far have proved resilient, remaining stable or even rising despite actions designed to devalue the currency………………………………………..Full Article: Source


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