Currency War

A currency war occurs when countries compete to devalue their own currencies relative to others to boost exports, make their goods cheaper abroad, and stimulate economic growth. While one country may lower its currency value to gain a trade advantage, others might do the same, leading to a cycle of competitive devaluations. This can cause volatility, reduce international trade stability, and create uncertainties in the global economy. Essentially, it's a strategic battle where nations manipulate their currency values to improve their economic positions, sometimes at the expense of economic stability for others.