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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A man walks past a money exchange shop decorated with different banknotes at Central, a business district in Hong Kong. Photo: AP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

The real danger behind US currency manipulation charges against China

  • Washington’s decision to slap the label on Beijing opens a new front in the simmering US-China cold war
  • In the long term, this is likely to accelerate the uncoupling between the world’s two largest economies, writes Tom Holland

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A man walks past a money exchange shop decorated with different banknotes at Central, a business district in Hong Kong. Photo: AP
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