Editors note: CPA’s work on currency is gaining steam. Exchange rates are, as we advocate, the next front in the trade skirmish. Foreign-exchange strategists say the risk of a U.S. move to weaken the dollar has risen after Treasury Secretary Steven Mnuchin said there’s no change in the nation’s currency policy “as of now.” [Alyce…
Editors note: This is an interesting article because Democrats are most likely to break with free trade fantasies based upon human rights abuses. Republicans are most likely to do the same for national security reasons. Several of the leading Democratic presidential contenders told Axios that if elected, they would go further than the Trump administration…
Editors note: The markets are increasingly expecting dollar realignment efforts by the US. Very good. Washington’s FX policy has oscillated between heavy interventions and benign neglect [Eva Szalay | July 16, 2019 | Financial Times] The US dollar is near a multi-decade high, on a trade-weighted basis, and President Donald Trump is not happy about…