Currency dealers monitor exchange rates in a trading room at a bank in Seoul on August 6. The day before, the US officially labelled China a currency manipulator amid a worsening trade war, after Beijing let the yuan tumble past the seven-per-dollar level for the first time since 2008. Photo: AFP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

A strong US dollar worries Trump, but it’s no use blaming the Fed or China

  • It is Donald Trump’s own policies that have helped to create the right conditions for continued greenback strength
  • With intervention a risky idea, unless those policies change, there is little to be gained from the blame game

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Currency dealers monitor exchange rates in a trading room at a bank in Seoul on August 6. The day before, the US officially labelled China a currency manipulator amid a worsening trade war, after Beijing let the yuan tumble past the seven-per-dollar level for the first time since 2008. Photo: AFP
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Is it a fair exchange or a case of the pot calling the kettle black? Chinese yuan and US dollars at a money exchange shop in Causeway Bay, Hong Kong, on August 5. Photo: Roy Issa
Lawrence J. Lau
Opinion

Opinion

The View by Lawrence J. Lau

Currency manipulation? The US may have more to answer for than China

  • China has an increasingly balanced current account and a stable currency – none of which points to currency manipulation, whereas the US has arguably used quantitative easing to keep the dollar weak

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Is it a fair exchange or a case of the pot calling the kettle black? Chinese yuan and US dollars at a money exchange shop in Causeway Bay, Hong Kong, on August 5. Photo: Roy Issa
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