If the Federal Reserve’s unprecedented quantitative easing program started a currency war, the euro may offer the next battleground.
The euro zone’s policy makers are set to launch the next salvo in a move to push down euro’s value, said Jens Nordvig, global head of foreign-exchange strategy at Nomura and the author of “The Fall of the Euro.”
In 2010, Brazil’s Finance Minister Guido Mantega popularized the phrase “currency wars” after developed nations, such as the U.S. and the euro zone, rolled out a series of easing measures to bolster their exports by weakening their currencies, which pushed up emerging market currencies.
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