2019-09-13 10:37:00 Fri ET
federal reserve monetary policy treasury dollar employment inflation interest rate exchange rate macrofinance recession systemic risk economic growth central bank fomc greenback forward guidance euro capital global financial cycle credit cycle yield curve
China allows its renminbi currency to slide below the key psychologically important threshold of 7-yuan per U.S. dollar. A currency dispute between the U.S. and China has brought the trade conflict between the G2 superpowers to new extremes. U.S. Treasury designates China a currency manipulator soon after the Chinese central bank lets renminbi slide to the symbolically important level of 7-yuan per U.S. dollar for the first time in 11 years. This strategic move represents another escalation as the Sino-U.S. trade relations continue to deteriorate in the meantime.
On the one hand, this recent renminbi depreciation renders Chinese export prices more competitive and so can contribute to better trade-driven economic prospects. On the other hand, the renminbi depreciation inevitably exacerbates the monetary severity of 25% tariffs on $250 billion Chinese imports. This renminbi depreciation serves as a flexible countermeasure to the 10% Trump tariff on all the other $300 billion Chinese imports, and most U.S. stock market indices decline substantially 3%-5% in response to the bilateral tense trifecta of tech, trade, and currency. U.S. Treasury Secretary Steven Mnuchin indicates that the Trump administration can engage with the IMF, WTO, and World Bank to deter unfair trade competition from China.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-03-25 08:39:00 Sunday ET
President Trump imposes punitive tariffs on $60 billion Chinese imports in a brand-new trade war as China hits back with retaliatory tariffs on $3 billion U
2022-03-25 09:34:00 Friday ET
Corporate cash management The empirical corporate finance literature suggests four primary motives for firms to hold cash. These motives include the tra
2017-10-21 08:45:00 Saturday ET
Netflix stares at higher content costs as Disney and Fox hold merger talks. Disney has held talks to acquire most of 21st Century Fox's business equity.
2019-04-01 08:28:00 Monday ET
OraSure and its subsidiary DNA Genotek specialize in the lean production of home DNA spit tubes. OraSure extracts core genetic information from microbiome s
2022-05-25 09:31:00 Wednesday ET
Net stock issuance theory and practice Net equity issuance can be in the form of initial public offering (IPO) or seasoned equity offering (SEO). This l
2020-09-03 10:26:00 Thursday ET
Agile business firms beat the odds by building faster institutional reflexes to anticipate plausible economic scenarios. Christopher Worley, Thomas Willi