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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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.