Monetary offset, the strong dollar and China’s currency manipulation
From Credit Writedowns Pro
January 9, 2017 - 3:17pm
With the Fed talking up the likelihood of three rate hikes in 2017 while other central banks are still in easing mode, the potential for a US dollar rout and a concomitant closing of the US trade deficit is pretty low. Therefore, given Donald Trump’s hawkish rhetoric on China, the potential that the US government labels China a currency manipulator for the first time since 1994 is high.
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