Anthony Rayner: Are currency wars a natural progression from trade wars?
Currency devaluation
It is by no means a foregone conclusion any currency wars will take place but, fears Anthony Rayner, markets may be a little too complacent - as they have been over other policy developments such as QE and trade wars
In response to recent US announcement on new tariffs, the Chinese authorities allowed the renminbi to weaken above the symbolic 7, versus the US dollar. In turn, this led the US to label the Chinese as...
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