A Currency War That Europe And Japan Can't Afford To Lose
Submitted by John Rubino via DollarCollapse.com,
The dollar is tanking lately - apart from today's biggest jump in 2 months. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down about 8%, and the decline is steepening. In counterintuitive currency war terms, that means the US is winning the latest battle.