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
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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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