Forex Trading Strategies News : Global Effects Of Currency Wars On Currency Exchange Rates > a couple of countries intentionally lower their currency exchange rates to boost exports and stimulate domestic economyompetitive devaluation is a term describing a fierce competition among two or more countries that intentionally try to decrease the exchange rates and currency value of their home currency to support local manufacturers and boost exportshe word "Currency war" was coined by journalists covering the world financial markets, and is widely used as a more popular substitute to competitive devaluationhe currency war was invented in modern times, when the first of such event occurred in 1930srior to that time, countries and governments preferred to maintain high levels of exchange rates and currency value of their residence currenciesowever, the globalization of the world economy changed the rules of the gamesually, competitive devaluation is pursued by governments that wish to establish export led economyn such a scenario, the rewards of lower ex ... [Read More @ Forex Trading Strategies News]
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