The risk of global currency and trade wars is rising, with most economies now engaged in competitive devaluations. But, because not all currencies can be weak at the same time, and not all countries can boost their exports simultaneously, this is a game that some must lose.
https://prosyn.org/21DwTM8
TOKYO – The risk of global currency and trade wars is rising, with most economies now engaged in competitive devaluations. All are playing a game that some must lose.