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
READ FULL ARTICLE