China’s currency could fall sharply if trade relations with the US break down. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Be careful what you wish for Mr President, a stumble in relations could send China’s currency for a tumble

The incoming administration in Washington should recognise that Beijing has spent US$800 billion defending its currency in recent times

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China’s currency could fall sharply if trade relations with the US break down. Photo: Reuters
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.