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Nov 1, 2010 ... But weakening the dollar to boost exports is a risky strategy – it could ... In this fragile global economic environment, a currency war will make everybody a loser . ... partly derived from its status as the de facto reserve currency.


Sep 3, 2016 ... Between March 2009 and August 2011, the US dollar fell by around 16 per cent ... In foreign exchange wars as in military versions, there are no winners. .... Gold, which now functions as a de facto currency, has risen in value ...