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Mark Gilbert

America's Dollar, the World's Problem

The U.S. will probably soon get tired of being the main casualty of the global currency wars.
Keeping a watchful eye on the FX market.

Keeping a watchful eye on the FX market.

Photographer: Scott Eells/Bloomberg

When officials from the Group of 20 nations gather in Turkey next week, the worsening currency wars will likely be a source of friction. The biggest question is whether the United States will finally get sick of being a casualty in the ongoing skirmishes.  

With nations from Canada to Australia to China to Denmark springing surprise rate cuts on investors in recent weeks, everyone has been in a race to the bottom, devaluing their currencies to boost exports and growth. Everyone, that is, except the U.S.