On Monday, China let its currency depreciate by the most since 2015, then later in the week President Donald Trump put more pressure on the Federal Reserve to cut interest rates to weaken the U.S. dollar. Has the trade war morphed into a currency war? And what are the implications for global markets? Bloomberg's Emily Barrett fills in as co-host on this week's “What Goes Up” podcast for Sarah Ponczek, while Bloomberg’s macro strategist Cameron Crise and currencies reporter Katherine Greifeld also join the conversation.
Mentioned in this podcast:
U.S. Intervention Odds Rise as Yuan Plunge Fuels Trump’s FX Fury
What Exactly Does Trump Want for the Dollar?
The Fate of the World’s Largest ETF Is Tied to 11 Random Millennials