Currency War - why and what effect is it having?

This is a great article that starts to open up some of the issues at stake with regard to the solutions to balance of payments deficits and surpluses. It also provides an excellent basis for beginning to evaluate the potential solutions. Currency devaluations create winners and losers, who are the winners and who are the losers? It also explains how governments are trying to influence the value of currencies. http://www.bbc.co.uk/news/business-11608719”