Bipartisan calls in the US for tougher action against China’s “unfair” trade policies mean the pressure on China’s currency is unlikely to lessen soon. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How low can the yuan go? Signs from the Fed and China’s economy point to further declines against the US dollar

  • Neal Kimberley says the Federal Reserve’s determination to raise rates and roll back quantitative easing means the dollar is unlikely to weaken
  • When combined with weak Chinese economic data, especially concerning autos and homes, there is reason to anticipate further declines in the yuan

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Bipartisan calls in the US for tougher action against China’s “unfair” trade policies mean the pressure on China’s currency is unlikely to lessen soon. Photo: AP
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