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HomeNewsOpinionThe US-China currency wars are in an unstable lull

The US-China currency wars are in an unstable lull

Financial Times   •
©The Financial Times Limited 2020 Nov 16, 2023 / 12:50 PM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

If Beijing returns to promoting export-led growth, tension over exchange rates may return

The US currency’s trade-weighted rise of about 10 per cent over the past two years has essentially reflected traditional factors of better growth prospects and higher interest rates.

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