DEBASING CURRENCIES

If you think debasing currencies isn't closely watched, read the following link from the WSJ.

Often referred to as "beggar thy neighbor," it's something that frequently cause central banks to intervene in the market to protect their goods. Here you have tiny Taiwan active in the market trying to prevent their currency from appreciating too much. 

http://online.wsj.com/article/SB10001424127887324767004578488682893945140.html?mod=ITP_moneyandinvesting_1