Battle of the currencies

With the global economy bumpy and the major economies in a mess, the currency picture is looming large, particularly with some currencies seen as significantly out of line with the fundamentals. The US dollar has plunged on expectations the Fed will open the quantitative easing (QE) taps again, while the euro, yen, Swiss franc and Australian dollar have acted as counterweights, in some cases stretching to record/multi-decade highs.

Into this mix, authorities elsewhere have been taking the sting

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