LATEST NEWS : Currency Wars Are Back: 'Export Your Deflation to Someone Else'

Currency wars are back, though this time the goal is to steal inflation, not growth.

Brazil Finance Minister Guido Mantegapopularized the term “currency war” in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker currencies. Now, many see lower exchange rates as a way to avoid crippling deflation.

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