US President Donald Trump – flanked by Chinese Vice-Premier Liu He (left) and US Vice-President Mike Pence at the signing ceremony of the US-China phase-one trade deal in the White House on January 15 – took the opportunity to restate his view that the US dollar is “very high”. Photo: EPA-EFE US President Donald Trump – flanked by Chinese Vice-Premier Liu He (left) and US Vice-President Mike Pence at the signing ceremony of the US-China phase-one trade deal in the White House on January 15 – took the opportunity to restate his view that the US dollar is “very high”. Photo: EPA-EFE
US President Donald Trump – flanked by Chinese Vice-Premier Liu He (left) and US Vice-President Mike Pence at the signing ceremony of the US-China phase-one trade deal in the White House on January 15 – took the opportunity to restate his view that the US dollar is “very high”. Photo: EPA-EFE
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Will the trade shifts sparked by the US-China phase-one deal make the dollar weaker, as Donald Trump wishes? Maybe

  • As China buys more US goods, possibly at the expense of trade partners in Europe, Japan and Australia, movements in currency markets will make winners of some
  • An overall strengthening of the renminbi, as is likely, may in the end encourage US dollar strength vis-a-vis other currencies

US President Donald Trump – flanked by Chinese Vice-Premier Liu He (left) and US Vice-President Mike Pence at the signing ceremony of the US-China phase-one trade deal in the White House on January 15 – took the opportunity to restate his view that the US dollar is “very high”. Photo: EPA-EFE US President Donald Trump – flanked by Chinese Vice-Premier Liu He (left) and US Vice-President Mike Pence at the signing ceremony of the US-China phase-one trade deal in the White House on January 15 – took the opportunity to restate his view that the US dollar is “very high”. Photo: EPA-EFE
US President Donald Trump – flanked by Chinese Vice-Premier Liu He (left) and US Vice-President Mike Pence at the signing ceremony of the US-China phase-one trade deal in the White House on January 15 – took the opportunity to restate his view that the US dollar is “very high”. Photo: EPA-EFE
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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.