Low-level exchange rate hostilities with occasional flashpoints have dominated what have become known over the past 18 months as the international “currency wars”. With hot money seeking a safe home, countries can find themselves confronted with a wall of capital and scrambling for tools to prevent their currency appreciating in a way that disrupts local economies.
匯率方面較低級別的敵意，伴之以零星的「火花」，這就是過去18個月來所謂國際「匯率戰」的主要內容。隨著熱錢四處尋覓安全港，一些國家可能面臨洶湧而至的資金潮，它們爭相動用各種工具，以避免本幣升值太猛、從而危及本國經濟。
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