Trump says Argentina is intentionally weakening the peso.
Most countries manipulate their currencies – at least a little – but at the moment that’s not the real reason they are undervalued relative to the dollar.
The US and China have an interdependent economic relationship. If this unravels it will have global ramifications.
We are being sucked in to something Trump started.
Australia has more to fear than most countries from a global trade and currency war. All eyes will be on the Reserve Bank governor Friday as he attempts to outline what might happen.
The Australian dollar has already slipped, falling to its lowest point against the US since the global financial crisis.
President Trump’s decision to slap tariffs on US$300 billion of China’s exports has set up a currency war that has engulfed Australia.
Treasury Secretary Steven Mnuchin walks through the snow at Davos.
AP Photo/Markus Schreiber
The treasury secretary said a weak dollar would be ‘good’ for the U.S. Here’s why he’s wrong.
There may be trouble ahead.
US accusations of German currency manipulation do not appear to be motivated by economics.
Consumers don’t always behave the way central banks expect.
Negative interest rates are not the weapon some central bankers had hoped they would be.
A change in the scales isn’t likely to put a major dent in the growth in US exports to China.
Yuan dollar via www.shutterstock.com
China’s interventions to cheapen its currency relative to others will hurt US imports in the short term, but the country’s surging “mainstream” will easily offset the impact.
Why the Chinese yuan took its biggest one-day loss in two decades.
Who knew a coin could do so much harm.
Currency wars have been predicted for years. Outright monetary battles were last seen during the Great Depression of the 1930s, when governments competed to devalue their currencies to gain market advantage…