The renminbi could be one of the biggest winners in the US election after the Democratic Party appeared to fall short of taking control of all three branches of the federal government, tempering hopes for another fiscal support package and potentially putting further pressure on the US dollar. Photo: Reuters
The renminbi could be one of the biggest winners in the US election after the Democratic Party appeared to fall short of taking control of all three branches of the federal government, tempering hopes for another fiscal support package and potentially putting further pressure on the US dollar. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Narrow Biden election win over Trump dims hope of more US coronavirus stimulus

  • A ‘blue wave’ election giving Democrats control of the White House and Congress did not occur, and Republicans are unlikely to support a new aid package
  • The Federal Reserve might have to step in with further monetary easing, putting pressure on the US dollar and boosting confidence in the yuan

Neal Kimberley
Neal Kimberley

Updated: 10:18pm, 10 Nov, 2020

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The renminbi could be one of the biggest winners in the US election after the Democratic Party appeared to fall short of taking control of all three branches of the federal government, tempering hopes for another fiscal support package and potentially putting further pressure on the US dollar. Photo: Reuters
The renminbi could be one of the biggest winners in the US election after the Democratic Party appeared to fall short of taking control of all three branches of the federal government, tempering hopes for another fiscal support package and potentially putting further pressure on the US dollar. Photo: Reuters
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