A recent research from HSBC found out that (surprise surprise) currency wars are on the rise as of late and produced this rather useful chart to indicate which countries are the most (and least) active in this scenario.

Some of the strongest concerns have been expressed in emerging economies. In particular, Brazilian Finance Minister Guido Mantega made the headlines in 2010 when he complained about the surge in the real. But back then Brazil’s currency was simply rebounding after a sharp fall in the early stages of the global crisis.

Source: HSBC

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