Currency war

US government has itself to blame for dollar strength: Bundesbank

The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany's Bundesbank said on Feb. 7.

Jens Weidmann said comments by a top trade adviser of U.S. President Donald Trump that Germany was exploiting the United States and its European partners with an overly weak euro were "more than absurd." 

Oil-exporter Azerbaijan devalues currency 33.5 percent

Azerbaijan's Central Bank has suddenly devalued the country's currency by 33.5 percent against the dollar.
Like Russia, Azerbaijan has been hurt by the sharp decline in the price of oil, its main export. Russia's currency has lost more than half of its value in the past year.