Articles for Dollar Policy

Does Trump really want a weaker dollar?
2 weeks, 3 days ago

Does Trump really want a weaker dollar?

Live Mint  

“A strong dollar is in our national interest." A continuation of such trends would represent a sharp change after more than a decade of dollar strength, with consequences for monetary policy at home and abroad, international markets and global trade. In November Stephen Miran, now chair of Mr Trump’s Council of Economic Advisors, outlined a series of unconventional methods by …

Trump Treasury Reserve Currency Greenback Dollar Policy
'Go find another sucker': Trump's message to BRICS members, which includes India
3 months, 3 weeks ago

'Go find another sucker': Trump's message to BRICS members, which includes India

Hindustan Times  

Donald Trump, the next president of the United States, said on Saturday that BRICS countries can ‘go find another sucker’ if they cannot commit that they will neither create a new currency of their own, nor back any other currency “to replace the mighty US Dollar”. US President-elect Donald Trump Formed in 2009, BRICS is an intergovernmental organisation comprising nine …

India Trump Currency Jaishankar Dollar Brics Countries
Rupee ends 1 paise lower at 83.28 against the US dollar
1 year, 4 months ago

Rupee ends 1 paise lower at 83.28 against the US dollar

Live Mint  

The Indian rupee ended Thursday's range-bound session little changed against the US dollar amid a negative trend in domestic equities and sustained foreign fund outflows. The local unit ended 1 paise lower at 83.28 a dollar as compared to its previous close of 83.27. “Markets will look for clues to the Fed's monetary policy course,” Praveen Singh – Associate VP, …

Fed Rupee Ended
Modi’s ‘rouble wise rupee foolish’ policy
1 year, 8 months ago

Modi’s ‘rouble wise rupee foolish’ policy

The Hindu  

Newsan is one of Argentina’s biggest home appliance retailers. It is not in India’s interests to help China’s ascendancy, so one would expect India to not aid and abet China’s desire to move global trade settlements from the dollar to the yuan. China sensed an opportunity in this conundrum and given its proximity to Russia, the yuan has emerged as …

India China Trade Ukraine Russia Oil Indian
China\'s yuan hits 15-year low after Xi extends rule
2 years, 5 months ago

China\'s yuan hits 15-year low after Xi extends rule

Deccan Chronicle  

BEIJING: China's yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week. The offshore yuan -- which is circulated outside mainland China and is more freely traded than currency in the domestic market -- fell to 7.3735 against the …

China Chinese
Turkey’s lira hits new low as investors lose faith
3 years, 9 months ago

Turkey’s lira hits new low as investors lose faith

Al Jazeera  

The Turkish central bank’s current governor, Sahap Kavcioglu, sought to reassure big foreign investors that worries about premature rate cuts were unjustified. The currency has tumbled 17 percent since mid-March, when Turkey’s President Recep Tayyip Erdogan, long a critic of high interest rates, ousted a hawkish and well-respected central bank chief. The bank’s current governor, Sahap Kavcioglu, sought on a …

Turkey Bank Rate Erdogan Kavcioglu Investors Lose
Dollar hegemony could spark a new crisis
3 years, 10 months ago

Dollar hegemony could spark a new crisis

China Daily  

MA XUEJING/CHINA DAILY Editor's Note: The United States government has implemented huge economic stimulus measures. With fears of stagnation in the US rising, especially after lower than expected job creation and consumption growth in April, the Federal Reserve has proposed a new monetary policy, reverting interest rates to zero and resorting to unlimited quantitative easing, as it had done when …

Policy Market Financial Oil Economic Interest Rates Interest
Torrent of foreign money threatens India’s tight grip on rupee
4 years, 3 months ago

Torrent of foreign money threatens India’s tight grip on rupee

Al Jazeera  

While most currencies in Asia have benefitted from a weaker dollar, India’s rupee is down 3 percent this year. There’s growing consensus among traders and fund managers that the mounting pressures – particularly the liquidity glut distorting money markets – may spur the central bank to consider a range of changes, from relaxing its grip on Asia’s worst-performing currency to …

India Policy Markets Bank This Year Billion Rbi
How US elections could spook markets
4 years, 5 months ago

How US elections could spook markets

Live Mint  

That this has been a year of unexpected and extraordinary twists and turns will be an understatement. However, purchases of junk bonds, targeting of average inflation rate and undefined maximum employment may be one shock too many to the US dollar as the new monetary policy completes the dismantling of the earlier Volcker legacy. But political unanimity in America behind …

Global India Policy China Markets Inflation Trump
Why red and blue states divide over green policy
6 years, 6 months ago

Why red and blue states divide over green policy

CNN  

CNN — President Donald Trump’s drive to rescind the federal efforts to combat global climate change is highlighting another chasm between Republican- and Democratic-leaning states. This history suggests that even as the risks of climate disruption become more palpable, the nation faces a sustained deadlock between high-emitting red states and low-emitting blue states that precludes national action. Many of the …

Energy Climate Change Climate Trump Economic Coal California
What binds Donald Trump and his critics?
6 years, 7 months ago

What binds Donald Trump and his critics?

Live Mint  

Recently, I chanced upon a note from 2011 in my iPad on the book that Prof. Douglas Irwin had written then: Peddling Protectionism: Smoot-Hawley And The Great Depression. Similarly, US President Donald Trump’s election and policies are a reaction to the downside of globalization. At least, they did so in 2017 and, incidentally, China’s record accumulation of dollar liabilities comes …

China Trade Trump Policies Leveraged Loans
Global stocks and sterling bounce after Brexit bashing
8 years, 8 months ago

Global stocks and sterling bounce after Brexit bashing

Live Mint  

London: Share markets climbed on Thursday as upbeat US economic data took some of the sting out of the Brexit scare, while the Australian dollar dipped as the country’s triple A credit rating came under threat. Italy led a move higher in southern European bond yields meanwhile as the rising popularity of the anti-establishment 5-Star Movement and concerns about a …

Italy Market Brexit Fed Rate Yields