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The US cannot unilaterally weaken the dollar
Trade tensions with the US have inevitably put the renminbi under pressure
The fallout from the US-China trade war could lead to an economic chill
China lets renminbi slide below Rmb7 to $1 and is called a currency manipulator by US
Renminbi’s fall stokes US ire
Devaluation may seem tempting, but it helps neither China nor the US
Junk bond and equity funds have suffered their biggest outflows of the year
Political choices about value of renminbi tempered by consequences for growth
Mike Mackenzie’s daily analysis of what’s moving global markets
Announcing the end of the strong dollar policy is easier than actually ending it
Decision comes after Beijing let renminbi fall through key level
Beijing has pledged to ensure currency’s stability after letting it weaken
S&P 500 ends 3% lower and bond yields plunge
The drop through Rmb7 per dollar will have limited economic impact
China’s central bank blames tariffs for move as Trump hits out at ‘major violation’
Trump concerned others countries are weakening their currencies to boost exports
Steven Mnuchin says Washington ‘could consider’ a different stance in future
Rate cuts would mitigate the economic impact of the dollar’s strength, says US Fed
Wall Street investment bank latest to mull spectre of White House move to weaken dollar
Arbitrary calculations should not be used as a basis for imposing tariffs
In this guest post, former veteran Treasury official Mark Sobel argues that the US administration’s penchant for weaponising currency markets will hurt both itself and the international monetary system.
As the Osaka summit convenes, we analyse the key risks to global economic growth, US-China trade war and currency conflict, the Fukushima effect on Japan’s climate policy, Asia’s need to lead more on the world stage, how robots cannot alone solve the problems of ageing, and other themes
Amid trade tensions, world leaders have a further problem to think about in Osaka
Downward pressure on China’s currency is a logical response to US tariffs
