Whether you call it a war of words or a covert currency war, policymakers from the G-10 countries - doves and hawks alike - have all taken turns this week shooting from the lip in an effort to talk down their respective currencies. Useful or not, each time it has grabbed the foreign exchange (forex) market's attention and, if nothing else, has injected some much-needed volatility into a market that had been losing out to other asset classes.
Whether you call it a war of words or a covert currency war, policymakers from the G-10 countries - doves and hawks alike - have all taken turns this week shooting from the lip in an effort to talk down their respective currencies. Useful or not, each time it has grabbed the foreign exchange (forex) market's attention and, if nothing else, has injected some much-needed volatility into a market that had been losing out to other asset classes.
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