China arguably now has more wiggle room, if it so desires, to weaken the yuan given that Beijing now targets the yuan’s value against a basket of currencies rather than just the dollar. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

With world trade in the doldrums, the threat of a new currency war looms

The complex nature of today’s globalised supply chains heightens the advantages of currency weakness

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China arguably now has more wiggle room, if it so desires, to weaken the yuan given that Beijing now targets the yuan’s value against a basket of currencies rather than just the dollar. Photo: Reuters
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