Romney has also touted more aggressive foreign and trade policies. However, he was noticeably more conciliatory on the Middle East in yesterday’s presidential debate, while Obama has hardly been soft in the sanctions taken against Iran. Romney has said he will declare China a “currency manipulator”, though it could be years before this results in any policy action. “Both candidates have attacked China extensively during the campaign and the risks of a trade war may not be that much higher under Romney.” Jessop states.
Finally, Romney has been critical of the launch of QE3. There has even been some talk that he would encourage Fed Chairman Bernanke to quit before his term ends on 31 January 2014. “Speculation that a more conservative figure will take over at the Fed might undermine the prices of commodities, as well as equities and mortgage securities, while boosting the dollar.” she warns.