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Intervention Loses Potency Just as Currency Wars Seen Escalating
11 January 2016, 21:08
![Francis Dogbe Francis Dogbe](https://c.mql5.com/avatar/2021/1/600DF368-9DA2.png)
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As a new round of competitive devaluation looms, evidence is mounting that currency interventions are losing their potency. Mexico’s peso fell to a record on Friday as Cantor Fitzgerald LP criticized the nation’s efforts to strengthen the exchange rate as “mostly futile.” A study by Brazilian central bankers last week found “no evidence” that their intervention program was affecting currency volatility. And far from driving a ......