Editorial Board

No, We're Not in a Currency War

The bogus rhetoric of economic conflict is dangerous as well as wrong.

This is not happening now.

Hulton Archive

Anyone paying attention to the financial media could easily get the impression that the world is hellbent on stealing the U.S. economic recovery. Central banks from Frankfurt to Beijing, the story goes, are pushing down their currencies' exchange rates against the dollar -- and against one another -- in a craven effort to make their exports cheaper.

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