Truce in ‘currency war,’ but will it last?

LONDON: A truce appears to have emerged in the undeclared global “currency war,” but analysts question whether central banks have really given up manipulating exchange rates to prop up their economies.

“The currency war is in reality a war between central banks who are battling to support their own interests and taken into account what their rival central banks are doing,” said Sylvain Loganadin, an analyst at online foreign exchange broker FXCM.