Travellers wear face masks as they sit in a waiting room at the Beijing West Railway Station on January 21. Photo: AP
Macroscope by Neal Kimberley
Coronavirus outbreak may well depress the renminbi, dashing Donald Trump’s hopes of a weaker dollar
Despite Trump’s efforts to talk down the dollar, currency markets haven’t taken the bait. The coronavirus outbreak makes the case for renminbi appreciation less clear-cut and might also weaken the currencies of economies with close ties to China
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.