image: pixabay

The global trade war has morphed into a currency war. Here’s why that’s a scary proposition for markets.

August 7, 2019


President Donald Trump’s trade war has increasingly revolved around the role of global currencies.

It’s a shift he’s ushered along by crying foul on alleged currency manipulation. And there have even been reports that he’s considered doing it with the US dollar.

Now, amid an ongoing spat with China, the currency war is again front-and-center as the global trade dispute rages. It ultimately amounts to a race to the bottom as countries try to push the value of their currencies lower than competitors in order to gain an advantage in trade. This is also why Trump has said he wants a weaker US dollar.

Read More on Business Insider