A woman holds up renminbi and US dollar banknotes in Qionghai in south China’s Hainan province in January 2016. China would prefer that the renminbi does not appreciate strongly given the ongoing trade war with the US. Photo: Xinhua
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Yuan appreciation might be the unintended consequence of interest-rate cuts in the US and Europe

  • Both the US dollar and the euro came under pressure after announcements by the Fed and European Central Bank chiefs that interest-rate cuts could be in the offing
  • If the Bank of Japan eases monetary policy further, the yen would be less attractive to currency investors

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A woman holds up renminbi and US dollar banknotes in Qionghai in south China’s Hainan province in January 2016. China would prefer that the renminbi does not appreciate strongly given the ongoing trade war with the US. Photo: Xinhua
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