Currency WarThere are several levels regarding the currency wars. Firstley you have the actual and in fact coordinated depreciation of all currencys (OECD) as countries with humongeous amounts of debt try to inflate their way out of debt.
So then the relative value of all currencys may be in fact almost intact as they overtime depreciate and will depreciate even further. Thus when people now say that the dollar has gained and is strengthening they then compare the value of the dollar with another currency e.g the Euro that then also is in the midst of becomming less and less worth.
Bottom line yes the dollar can at times look stronger or weaker vs other fiat currencys. But what they all have in common is that the real purchasing power of ALL these ecurrencies has been reduced and will be reduced even further. Don't get fooled by just simply compareing what in fact is one worthless currencys interrelationship with another worthless currency.
Ask yourself how much do I get for my buck in real terms when you go out and pay for gasoline, milk, butter, meat, when you pay your fees, rent in order to get by on a daily basis.
As I have pointed out here earlier in the Eurozone the country dictating all shots is Germany a country that gains significantely in competratioe advantage vs all other economies as their exports (worlds 2nd or 3rd largets export economy) with a lower valued Euro becomes cheaper and significantely easier to sell.
In the US obviously the FED itself dictate its curreny objective and with the amounts of debt they have accumulated there simply is no other way out of this other than to default or inflate.
So expect no imporvement relative real purchasing power relevant to any of these currencies going forward.
Then you have what in fact is a real physicall currency war fought by military means.
Here something worthwile to read:
Importantly, readers must understand that the United States is actually in an active war with Iran. Most think the US is not at war with Iran because the US does not have troops inside Iran such as it does in Afghanistan, Pakistan, and Iraq, and is not engaging in behind-the-scenes support like in Libya, Yemen, and Somalia. The US is involved in active war with Iran in the form of a Siege:
https://www.thefinancialmarketnews.com/don%E2%80%99t-get-it-twisted-we-are-already-at-war-with-iran
Gaddafi gold-for-oil, dollar-doom plans behind Libya 'mission'?
https://www.youtube.com/watch?v=GuqZfaj34nc
So in actuallity countries with only fiat paper money are deflating their worth and then they with all means possible try to maintin the status quo so that other economis with real wealt in terms of resourses will keep on taking usless papermone as payment for the real worth of e.g. oil.
Clearly were not in the very final stages of what in fact only can be described as imperial overstreach as the us now is actvely involved in 6 real wars, adding then also the cyber war yet another one and adding all these behind the scenes activities vs e.g Iran, Syria, Pakistan there is a lot of money required to maintain the current status of affairs as more and more countries with real worth of resourses start to callenge this the current status.
Irak tried it, Libya tried it and Iran and Venezuela is doing it.