South Africa and the 'Currency Wars'

China has devalued its currency once again sparking fears of a global currency war that is unsettling global financial markets.Emerging and developing nations have been the hardest hit and have seen their currencies fall to multi-year lows.Analysts say the move is designed to keep Chinese products competitive with weaker exchange rates.But as it manipulates its currency to eke out an economic advantage for its exports, economies such as South Africa are felling the pinch as demand for commodities and raw materials wanes.Sim Tshabalala, the co-CEO of Standard Bank, joins Counting the Cost to discuss the currency war and the economic fallout on South Africa.

Currency Wars and What Happened with the Swiss Franc?

Just a really quick and simple video explaining:
- What happened the other day with the Swiss
- What is a currency war and why it happens
- How to profit from the ECB launching a QE program!

More info, please visit: www.FreeTradingWebinar.com and www.TheRealisticTrader.com

This is only a basic explanation. I have to state (for the more technical minded) that QE doesn't necessarily mean that they will 'print' more currency. Typically the way the Central Banks do QE is by buying up bonds or other asset backed securities. For instance, the FED in the US mainly bought US Treasury Bills.

If the ECB does do QE then it's likely to do it with mortgage backed securities and a selection of Eurobonds. But all you need to remember is that QE is just a way for a Central Bank to control how much of their currency is out there and to get more of it circulating. And the more Euros they can get out there by buying 'stuff', the more it dilutes/devalues the currency...which then makes the currency fall in value against others...