Currency war scenario ‘exaggerated’, warns senior Swiss economist

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The central banks of the world's major economies are tackling their own domestic agendas and are not competing with each other to devalue their currencies in a so-called currency war, according to the chief economist at a Swiss private bank.

Speaking at the FX Invest Europe conference in Zurich today, Jan Amrit Poser, chief economist and head of research at Bank Sarasin, said the heightened discussion of a currency war in recent weeks has been exaggerated, although he understands the concerns.

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