[Sputnik] What the Latest Currency `War` is All About

When the US embarks on perennial quantitative easing, that`s OK. When the EU does QE as well, that`s OK. But when the Bank of China decides it`s in the best interest of the nation to let the yuan go down a bit instead of infinitely up, that`s Armageddon.

http://sputniknews.com/columnists/20150812/1025667927/yuan-devaluation-reserve-currency.html