When speculators sell a currency on a massive scale, a government can be forced to spend billions

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When speculators sell a currency on a massive scale, a government can be forced to spend billions of dollars supporting the currency’s value on the foreign exchange market. Some argue that currency speculation should be disallowed and that currency trading should only be done to facilitate international business deals. Do you agree, or do you believe that currency speculators perform a valuable service by correcting overvalued or undervalued currencies?

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