Global FX Wars: Competitive Devaluations Shift Into A Higher Gear
The US Federal Reserve has declared war on deflation by announcing QE 2.0, taking the ongoing competitive debasement among major central banks to the next level. Not only has this seen the US dollar weaken sharply against FX majors, such as the euro, Japanese yen and the Swiss franc, but perhaps even more notably, the… [Read more]
