Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why a ‘strong dollar’ mantra will not keep the US currency from sliding

  • The real aim of such rhetoric would be to keep government borrowing costs down as fiscal and trade deficits grow. The dollar will be allowed to take the heat in the absence of runaway inflation

Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
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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.