As Dollar’s Value Falls, Currency Conflicts Rise

Posted by Kendall Harmon

Is this a currency war or what?

Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.

In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.

European policy makers worry that a resurgent euro will threaten growth in their own backyard. And the entire world, it seems, is jawboning China to level the playing field and let its undervalued currency, the renminbi, appreciate. It is a step that Beijing, by all accounts, does not want to take.

With so many economies struggling, it suddenly seems as if it is every nation for itself in the currency markets....

Read it all.

Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyCurrency MarketsEuroEuropean Central BankThe U.S. GovernmentFederal ReserveThe United States Currency (Dollar etc)Politics in General* International News & CommentaryAmerica/U.S.A.AsiaEngland / UKEurope

Posted October 22, 2010 at 7:20 am [Printer Friendly] [Print w/ comments]
Registered members must log in to comment.

Next entry (above): From the Do Not Take Yourself Too Seriously Department: Sermon Preparation

Previous entry (below): (BBC) Pakistan media gripped by man marrying twice in one day

Return to blog homepage

Return to Mobile view (headlines)