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No one can win a global currency war
News, Satyajit Das, Published on 18/08/2016
ยป It has been a year since a sudden, 1.9% decline in the Chinese yuan rattled global markets and prompted fears of a global currency war. China has mostly soothed nerves by moderating the renminbi's swoon since then. But what should really put minds to rest is the knowledge that no one could win a true currency war today.
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