Just as sentiment towards the world's economy and financial markets was perking up, the legion of praters assembled in Davos over the weekend found something else to worry about: the threat of a global currency war.
Their fears are overblown.
Talk of currency wars is nothing new. Politicians from the United States have long accused Beijing of stealing an unfair economic advantage by deliberately holding down the yuan in order to promote Chinese exports abroad while pricing imported goods out of China's domestic market.
via Business feed http://www.scmp.com/business/article/1137276/davos-talk-new-currency-war-wildly-exaggerated
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