Former China FX regulator: Trump wants to talk down Dollar

Omkar Godbole FXStreet Contributor

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

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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