Former China FX regulator: Trump wants to talk down Dollar
|Guan Tao, Former Deputy at China’s State Administration of Foreign Exchange, while speaking to Bloomberg said the Fed policy is a concern and President Trump aims to talk down the US dollar.
Key quotes
Too early to say economic pickup is solid
Don’t expect easing of capital controls in near-term
Policymakers too slow to reform currency markets
Policymakers quick to open up capital account
Government not overtly optimistic about GDP data
Property market, shadow banking and debt defaults are key risks
Closing watching fed policy and volatility
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