A clerk checks US$100 banknotes at the headquarters of Hana Bank in Seoul, South Korea, on July 5. Currency markets will price the US dollar based on what Washington does, not what it says. Photo: EPA-EFE
A clerk checks US$100 banknotes at the headquarters of Hana Bank in Seoul, South Korea, on July 5. Currency markets will price the US dollar based on what Washington does, not what it says. Photo: EPA-EFE
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How the Federal Reserve’s monetary policy is setting up the US dollar for a fall

  • Decision-makers in Washington appear less enthusiastic about having a strong US dollar to encourage consumers to buy goods made overseas
  • China may have to get used to the idea of a further rise in the yuan against the US currency, even though it may not welcome the prospect

A clerk checks US$100 banknotes at the headquarters of Hana Bank in Seoul, South Korea, on July 5. Currency markets will price the US dollar based on what Washington does, not what it says. Photo: EPA-EFE
A clerk checks US$100 banknotes at the headquarters of Hana Bank in Seoul, South Korea, on July 5. Currency markets will price the US dollar based on what Washington does, not what it says. Photo: EPA-EFE
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