Deeper Analysis
Treasury Dept. Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States
January 14, 2020
China had been designated as a “currency manipulator” last August, but that label is being rescinded on the eve of the Phase One U.S.-Sino trade pact. In theory, retaliatory actions can be more speedily imposed by the President on so-called currency manipulators, but the switch in designation in reality will make little practical difference. In […] More
New Overnight Developments Abroad - Daily Update
More Inflation Data, Japanese Current Account, and Chinese Trade Figures Released
January 14, 2020
Compared to closing levels yesterday, the dollar is unchanged against the yen, peso, and sterling, up 0.3% against the kiwi, 0.2% versus the euro, and 0.1% relative to the Canadian and Australian dollars but down 0.2% against the Swiss franc and 0.1% versus the Chinese yuan. Phase One U.S.-Sino trade pact is reportedly ready to […] More
