If the Bank of Japan ends up raising rates even as the US fed is contemplating a cut,it will unleash an unprecedented level of volatility in currency markets.
In most cases,Trump likes his policies to be “strong,” but when it comes to the value of the US currency,he has long expressed a different view.
The Australian sharemarket stepped up on Friday as Wall Street ticked higher after pressure squeezing it from the oil and bond markets relaxed a bit.
The centrality of the dollar meant that to trade,governments had to meet international standards. Now that is being put under threat.
For the first time in more than 30 years China is expected to grow at a lower rate than the other economies in East Asia. It’s not a great backdrop for Xi Jinping’s looming elevation.
The US dollar is surging in value while major currencies such as the Japanese yen and British pound are plummeting as major economies creep towards recession.
The greenback has plummeted during the pandemic and there are predictions of further declines. It’s a disturbing prospect for the Reserve Bank.
Chinese President Xi Jinping says the technology hub will be a model city for economic,digital and social changes to be rolled out around China.
The US's willingness to use its dollar’s dominance of global financial activity as a weapon has China nervous.
Over the past week there’ve been some curious fluctuations in the value of China’s currency that could ramp up tensions with the US.
Donald Trump's Commerce Secretary Wilbur Ross is threatening to open a new and unusual front in the trade wars.