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A strong dollar policy doesn't serve US interests any longer


A strong dollar policy doesn’t serve US interests any longer
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America needs both reserve diversification and a new Plaza Accord
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The United States needs to rethink its currency strategy. The country’s leaders are grudgingly realizing that its strong-dollar policy no longer suits either national interests or current economic realities. But the dangers involved in altering the global monetary system mean that transitioning to something new is fraught with peril, and America needs to move carefully.
For years, the United States maintained the official policy that a strong dollar was good for America and for the world. That probably sounded great to a lot of people for whom the word ‘strong’ carries positive connotations. But in fact, a strong dollar makes it harder all else equal for other countries to buy US-made goods. So a high exchange rate actually makes American exporters weaker in terms of thei ....

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US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure


US dollar-yuan exchange rate: China should not count on strong policy under Janet Yellen to ease currency pressure
Former US Federal Reserve chair Janet Yellen was sworn in as the new treasury secretary for the Biden administration last week
US dollar index has fallen by more than 10 per cent from its peak at the end of March last year, fuelling appreciation pressure on the value of the yuan ....

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