Tuesday, December 22, 2015
After US Rate Hike, Central Banks Are Forced to Join Currency War
ANBOUND
After the rate hike by the US Fed, as worried by the market, there are already signs of the currency war among the world's central market.
Immediately after the announcement of the rate hike by US Fed, ANBOUND’S research team has predicted that the rate hike could cause a currency war and this prediction is turning into reality.
The US rate hike has already compelled countries with weak economy to remove the currency peg and to devalue their currency.
Such phenomenon will continue to occur in the future and it will spread from small countries to the large countries.