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Inflation Will Ease, Fed Hikes Will Not: Richard Excell
The Contrarian Investor Podcast
Is There a FX War Going on in Asia?
China is allowing its currency to weaken but it's a managed flow so they can control how much it weakens. I think one of the things in Asia we should watch is that it's a bit of an FX war going on, right? Because Japan kind of said, hey, you guys have all this inflation. We'd love to have inflation. We've been trying to get inflation for 30 years. And now your China's allowing its currency, we can because it wants to maintain some sort of competitiveness in this as well. So I think Asia will be importing the inflation that the US and Europe don't want and it will be coming there.
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