The euro-US dollar exchange rate is displayed on a board in London on December 14. The EU is already beginning to balk at the euro’s recent surge, now close to breaking three-year highs at around US$1.25. Photo: EPA-EFE The euro-US dollar exchange rate is displayed on a board in London on December 14. The EU is already beginning to balk at the euro’s recent surge, now close to breaking three-year highs at around US$1.25. Photo: EPA-EFE
The euro-US dollar exchange rate is displayed on a board in London on December 14. The EU is already beginning to balk at the euro’s recent surge, now close to breaking three-year highs at around US$1.25. Photo: EPA-EFE
David Brown
Opinion

Opinion

Macroscope by David Brown

Why the Fed may be forced to hit the brakes on US dollar slide

  • China and Europe’s patience with renminbi and euro appreciation, respectively, may not last, while incoming Biden team could be less opposed to stronger dollar
  • The Fed’s response will be key, as pressure builds on it to keep the economy from overheating with fiscal policy so loose and interest rates so low

David Brown
David Brown

Updated: 5:57am, 22 Dec, 2020

Why you can trust SCMP
The euro-US dollar exchange rate is displayed on a board in London on December 14. The EU is already beginning to balk at the euro’s recent surge, now close to breaking three-year highs at around US$1.25. Photo: EPA-EFE The euro-US dollar exchange rate is displayed on a board in London on December 14. The EU is already beginning to balk at the euro’s recent surge, now close to breaking three-year highs at around US$1.25. Photo: EPA-EFE
The euro-US dollar exchange rate is displayed on a board in London on December 14. The EU is already beginning to balk at the euro’s recent surge, now close to breaking three-year highs at around US$1.25. Photo: EPA-EFE
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David Brown

David Brown

David Brown is the chief executive of New View Economics. Over a career spanning four decades in London, David held roles as chief economist in a number of international investment banks.