Currency wars set to reignite – Gain

Gain Capital-owned strategist expects to see FX wars return

Europe wall
Hitting the wall: ECB and BoJ are struggling to weaken their currencies as they fight for credibility

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The currency wars are set to heat up yet again as major central banks around the world recommit to weaken their domestic units amid rising concerns from traders that some are running out of ammunition, according to the winner of last week's 12-month currency forecast tables.

Matthew Weller, a senior market analyst at Gain Capital, says that while several central banks are using negative rates and unconventional policies to rein in domestic currencies, traders are not

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