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Currency wars

Discussion in 'Current News & Events' started by mukk_in, Jul 22, 2019.

  1. mukk_in

    mukk_in Yankees fan Supporter

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  2. TheNorwegian

    TheNorwegian Well-Known Member

    "Win" in this context is defined as the weakening of the dollar:

    "If there is a winner in this ‘cold currency war,’ it’s going to be the U.S. in the sense that the dollar is more likely to weaken than strengthen from here"

    With this definition of "winning" we can with confidence say that Venezuela has "won" the currency war: Their currency has been truly weakened.

    While a weakened dollar will help exports from the US, it will also lead to rising prices for imported goods. This higher prices will be paid by the US consumers.