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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