Currency war

A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies in order to stimulate their economies. Although currency depreciation or devaluation is a common occurrence in the foreign exchange market, the hallmark of a currency war is the significant number of nations that may be simultaneously engaged in attempts to devalue their currency at the same time—Read more at Investopedia. Picardo, Elvis. “What Is A Currency War and How Does It Work?.” 22 August 2019.