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The United States, with its big budget deficit, aggressive monetary easing and weakening currency, may struggle to be the arbiter.
And when China's currency, the yuan or renminbi, appreciated sharply against the dollar in early 2008, factories complained about being paid for exports in a sharply weakening currency.
TOKYO — The Japanese government responded cautiously Friday to a spike in the yen, with top officials expressing concern about the violence of the move but no overt worries about the level of the recently weakening currency.
Even as President Bashar al-Assad of Syria is proclaiming battlefield momentum against the insurgency with the help of his Hezbollah ally, he appears to be facing a new threat: a rapidly weakening currency that has unnerved many Syrians.
"We're seeing extreme conditions just about everywhere we look, major markets including Brazil, Russia, Japan… have been impacted by slowing economic growth, falling commodity prices and weakening currency," Cook said.
The desire to invest abroad is an unstoppable force as many Chinese with means worry about their country's slowing economy, weakening currency and oversaturated real estate market.
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He mentioned weakening currencies in Turkey, Russia, Brazil and Southeast Asia.
Asia's economic slowdown, rising bad loans and weakening currencies were to blame for the result.
South Korea and India benefited from weakening currencies that made their exports cheaper, but have not done as well.
Still, weakening currencies add to the impression of a darker outlook for Asia.
While weakening currencies can soften economic blows, they also come with risks.
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