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The Global Currency Wars Have Begun Because, Well, Inflation
Desperate to tame rising prices, central bankers are vying to boost domestic buying power at the expense of exporters.
28 Jun 2022, 08:20 AM IST
(Bloomberg Businessweek) -- The European Central Bank’s Isabel Schnabel started it. In February she flashed a chart showing how much the euro had weakened against the US dollar. Two months later, the Bank of Canada’s Tiff Macklem bemoaned the decline of the Canadian dollar. Swiss National Bank President Thomas Jordan suggested he’d like to see a stronger franc.
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