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Currency War? Not Just Yet, Expert Says
Have you heard there's a war going on? A currency war, that is. Talk of a currency war is everywhere. But Marc Chandler, chief currency strategist at Brown Brothers Harriman, is skeptical. Yes, central banks in developed economies are cutting interest rates or delaying rate hikes, and yes, emerging market countries are objecting when their currencies appreciate. But it's all a natural outgrowth of floating exchange rates, Chandler said. "Given the synchronized economic downturn in the high income countries, it is not surprising that monetary policy has become synchronized and that most officials want weaker ... (full story)
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