The global economic scene is witnessing currency movements on an unprecedented scale, marked by successive decisions by the world’s leading central banks. After the aggressive interest rate cuts by the US Federal Reserve (Fed), it’s now the turn of China’s central bank to follow suit, with a cut in its own key rates, announced last Friday. This dynamic raises a legitimate question: are we witnessing a real monetary battle between the world’s two leading economic powers?

During the September 30, 2024 Ecorama program, broadcast on Boursorama.com and presented by David Jacquot, Véronique Riches-Flores, economist and President of RF Research, gave her analysis of this phenomenon, which seems to foreshadow a new era of currency rivalry between China and the United States.