Currency war scenario ‘exaggerated’, warns senior Swiss economist

The central banks of the world's major economies are tackling their own domestic agendas and are not competing with each other to devalue their currencies in a so-called currency war, according to the chief economist at a Swiss private bank.

Speaking at the FX Invest Europe conference in Zurich today, Jan Amrit Poser, chief economist and head of research at Bank Sarasin, said the heightened discussion of a currency war in recent weeks has been exaggerated, although he understands the concerns.

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