# How Trade Wars Are Pushing Central Banks Into New Currency Battles Page: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-trade-wars-are-pushing-central-banks-into-new-currency-battles Text version: https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-trade-wars-are-pushing-central-banks-into-new-currency-battles.md Podcast: [Trade and Tariffs with Fexingo: International Commerce, Trade Wars, and Global Supply Chains](https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709) Published: 2026-07-11T05:58:54+00:00 Episode link: https://audio.fexingo.com/business/trade-and-tariffs/episode-0107.mp3 Audio file: https://audio.fexingo.com/business/trade-and-tariffs/episode-0107.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/episodes/how-trade-wars-are-pushing-central-banks-into-new-currency-battles Duration seconds: 368 ## Resource Lucas and Luna examine how the trade war is forcing central banks into a new era of currency competition. With the trade-weighted US dollar index at 120.7 and the yen weakening past 160 per dollar, they explore how countries like Japan, China, and emerging markets are responding. The episode dives into the Bank of Japan's dilemma, China's yuan strategy, and why the Federal Reserve's next move could redefine global trade flows. #TradeWar #CurrencyWar #CentralBank #USD #Yen #Yuan #BankOfJapan #FederalReserve #TradeFlows #EmergingMarkets #Economics #FexingoBusiness #BusinessPodcast #TradeAndTariffs #GlobalMacro #Forex #MonetaryPolicy #July2026 Keep every episode free: buymeacoffee.com/fexingo ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/episodes/how-trade-wars-are-pushing-central-banks-into-new-currency-battles/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/trade-and-tariffs-with-fexingo-international-commerce-trade-wars-and-global-supply-chains-7871709/how-trade-wars-are-pushing-central-banks-into-new-currency-battles.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.