Thursday, October 2, 2014 6:32 AM EST

Currency War

An “international currency war” has broken out, according to Guido Mantega, Brazil’s finance minister, as governments compete to lower their exchange rates to boost competitiveness. A series of recent interventions by central banks, in Japan, South Korea and Taiwan in an effort to make their currencies cheaper, while China has continued to suppress the value of the renminbi. 

Headlines Around the Web

G7 warns about 'currency wars'

Feb 13, 2013 - CBC

G-7 moves to calm currency war fears

Feb 12, 2013 - Financial Post

Articles About Currency War

Should Australia Join the Currency War?

By The Daily Reckoning Australia

As the melt-up in global asset markets continues, today we ask the question: Are central bankers' egotistic hooligans blinded by their own intellectual arrogance? You can probably guess the answer to that one. (Nov 20)

MORE TOPICS: CHINA, FEDERAL RESERVE, JAPAN, AUSTRALIA, NEW YORK, INVESTMENT

ECB's Coeure warns against protectionism after liquidity flood

By Reuters UK

The recent flood of money pumped into markets by the world's major central banks to boost growth must not lead to a rise in protectionism, European Central Bank Executive Board member Benoit Coeure said on Monday. (Jun 03, 2013)

MORE TOPICS: FEDERAL RESERVE, JAPAN, BANK OF JAPAN, EUROPEAN CENTRAL BANK, MANAGEMENT, QUANTITATIVE EASING

Exclusive - Japan Inc. averse to further yen drop, poll finds

By Reuters UK

Signs are that most firms in export-driven Japan Inc, having got the weaker yen they craved, now want the currency to either stabilise or recover ground, rather than continue a slide that will increasingly raise their costs. (May 21, 2013)

MORE TOPICS: TOYOTA, MANUFACTURING, JAPAN, MANAGEMENT

One Way to Protect Yourself from a Falling Australian Dollar

By The Daily Reckoning Australia

Will the state of federal finances have any effect on the battling Australian dollar? A Friday article by Fed mouthpiece John Hilsenrath in the Wall Street Journal floated the idea that the Fed is looking for ways to wind down its $85 billion per mon... (May 14, 2013)

MORE TOPICS: CHINA, AUSTRALIA, INVESTMENT

Analysis - Bullish yuan herd leaves China fundamentals in the dust

By Reuters UK

Investors convinced China's currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan's rally. (May 13, 2013)

MORE TOPICS: CHINA, HSBC, MANUFACTURING, GDP, SOUTH KOREA, AUSTRALIA

Analysis: Bullish yuan herd leaves China fundamentals in the dust

By Reuters

Investors convinced China's currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan's rally. (May 13, 2013)

MORE TOPICS: CHINA, HSBC, MANUFACTURING, GDP, SOUTH KOREA, AUSTRALIA

Despite winning top world trade job, even Brazil looks beyond WTO

By Reuters UK

Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission - pushing forward in global trade talks - looks for the moment like a lost cause. (May 11, 2013)

MORE TOPICS: WTO, EUROPEAN UNION, ARGENTINA, MEXICO, TRADE BALANCE, INTERNATIONAL MONETARY FUND

Yen breaks through 100, Abenomics hits another milestone

By Reuters UK

Japanese Prime Minister Shinzo Abe scored another small victory as the yen broke below major support of 100 to the dollar, with analysts predicting further declines over the course of the year that would underpin the export-dependent economy. (May 10, 2013)

MORE TOPICS: SOUTH KOREA, AUSTRALIA, MICHIGAN

The Great Game of Interest Rates and Inflation

By The Daily Reckoning Australia

It's taken a while, but the RBA has joined the international currency war by cutting official interest rates to an all-time low. We're not sure whether it will have the desired effect or not. (May 10, 2013)

MORE TOPICS: CHINA, GDP, AUSTRALIA

Australian Dollar Outlook - 08 May 2013

By IBTimes AU

Bell FX Currency Outlook: The Australian Dollar has opened lower this morning again following yesterday's decision by the Reserve Bank of Australia to reduce interest rates by 0.25% to 2.75%. (May 08, 2013)

MORE TOPICS: AUSTRALIA, CHINA, GOLD, COPPER, TRADE BALANCE, INVESTMENT