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

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


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

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