Currency wars are on - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman popped the question, "What do all the countries that have adopted negative interest rates have in common?"

Key Quotes:

"Not a strong currency, but deflation."

"Central banks are fighting deflation with the only weapons it has--the price of money and the balance sheet."

"The G20 endorsed countries use of monetary policy. To call this a war is needlessly alarmist and plays into the hands of protectionists."

"The reporters and analysts seem almost to be egging on the conflict the way adolescents might a high school brawl, and to what end?"