No sign of a currency war, says Danske

US President Trump may wish for a weaker dollar, but the Fed will not bow to pressure and slow its tightening path

jigsaw
Missing piece? Currency wars were not discussed at the latest G20 meeting, indicating a lack of concern

CLICK HERE TO DOWNLOAD THE PDF

Despite the looming threat of trade wars as a result of recently imposed tariffs in the US on Chinese imports, a competitive devaluation scenario and subsequent currency war is unlikely, says Morten Helt, senior analyst at Danske Bank.

The issue of a currency war came under the spotlight as the Chinese renminbi fell to a one-year low against the greenback in the last week of July – a move that some market participants interpret as the potential start of a race

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: