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Andrew Sheng & Xiao Geng: Trumping the global monetary system

Will the US under Donald Trump draw up currency-swap agreements with Russia and China?

Andrew Sheng & Xiao Geng 

Andrew Sheng & Xiao Geng It is difficult to know exactly what US President-Elect Donald Trump will do when he takes office in January. But he is all but guaranteed to pursue tax cuts and increased infrastructure spending. As a result, financial markets are anticipating faster growth in the United States — a perception that is boosting the dollar’s exchange rate against most currencies, including the renminbi, and triggering capital flight from emerging economies. Notwithstanding Mr Trump’s vow to impose tariffs on China, a resurgent dollar will hurt America’s trade competitiveness. ...

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Andrew Sheng & Xiao Geng: Trumping the global monetary system

Will the US under Donald Trump draw up currency-swap agreements with Russia and China?

Will the US under Donald Trump draw up currency-swap agreements with Russia and China? It is difficult to know exactly what US President-Elect Donald Trump will do when he takes office in January. But he is all but guaranteed to pursue tax cuts and increased infrastructure spending. As a result, financial markets are anticipating faster growth in the United States — a perception that is boosting the dollar’s exchange rate against most currencies, including the renminbi, and triggering capital flight from emerging economies. Notwithstanding Mr Trump’s vow to impose tariffs on China, a resurgent dollar will hurt America’s trade competitiveness. ... image
Business Standard
177 22

Andrew Sheng & Xiao Geng: Trumping the global monetary system

Will the US under Donald Trump draw up currency-swap agreements with Russia and China?

It is difficult to know exactly what US President-Elect Donald Trump will do when he takes office in January. But he is all but guaranteed to pursue tax cuts and increased infrastructure spending. As a result, financial markets are anticipating faster growth in the United States — a perception that is boosting the dollar’s exchange rate against most currencies, including the renminbi, and triggering capital flight from emerging economies. Notwithstanding Mr Trump’s vow to impose tariffs on China, a resurgent dollar will hurt America’s trade competitiveness. ...

image
Business Standard
177 22