Its economy struggling, China may try to inflict maximum political damage, even hoping that a prolonged trade war could derail President Trump’s re-election campaign. Source: NYT > Business –
What’s at Risk if the U.S. Stumbles Into a Currency War
It could wind up undermining the central role the United States has played in the international financial system. Source: NYT > Business – Neil Irwin
A Weak Dollar Could Help the U.S. Getting One Isn’t So Easy.
President Trump has made no secret of his frustration that the United States dollar has strengthened against other currencies. Source: NYT > Business – Matt Phillips
‘Ready to Rumble’: U.S.-China Fight Puts World Economy on the Brink
A trade war spills into the realm of currency, with no end in sight. Source: NYT > Business – Neil Irwin
Global Markets Hit Pause After Wall Street’s Trade-Driven Rout
Shares in Asia recovered some of their losses after the Chinese central bank indicated that it was not ready to weaponize the renminbi just yet. Source: NYT > Business – Alexandra Stevenson
Global Stocks Slide After China Lets Currency Dip, Raising Tensions With U.S.
Tension between the world’s largest economies ratcheted higher, adding to concerns about the global economy. Source: NYT > Business – The New York Times