US President Donald Trump has urged the Fed to cut the benchmark interest rate at a faster pace and on a bigger scale, saying the central bank’s “tight” policy is hurting the US economy. Photo: Xinhua
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How Donald Trump’s currency war may end up hurting the US economy, rather than China

  • The ‘currency manipulator’ tag may turn out to be a paper tiger. More importantly, if China recognises that yuan weakness is not in its interests and sells US-denominated assets to stabilise it, the sale of US Treasuries could add to a tightening of US financial conditions

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US President Donald Trump has urged the Fed to cut the benchmark interest rate at a faster pace and on a bigger scale, saying the central bank’s “tight” policy is hurting the US economy. Photo: Xinhua
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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.