Long-suffering commodity markets may have turned a corner after a pandemic-induced collapse in 2020. What happens next may depend on the fate of the U.S. dollar.
“The only way to get commodities moving in an inflationary, buying power way is a weaker dollar,” said Doug King, head of RCMA’s Merchant Commodity Fund and one of the world’s best known commodity traders, in an interview with MarketWatch.
Read more at:
How a weaker dollar could help fuel a commodities boom in 2021 - MarketWatch
Showing posts with label Weaker Dollar. Show all posts
Showing posts with label Weaker Dollar. Show all posts
3/19/18
US Economy: Does Donald Trump eye a weak dollar?
The higher tariffs on steel and aluminum imports that US President
Donald Trump announced in early March have shattered Europeans' faith in
their transatlantic ally. They, and many others for that matter, are
now asking just how reliable the US is in economic matters.
Donald Trump's zig-zag policy style is creating fears among partners, who have started talking about a trade war as a spiral of higher tariffs and countermeasures seems irreversible. Ahead of the Buenos Aires meeting of G20 finance ministers and central bankers, there's also fresh talk of a looming currency war which could be triggered by individual nations keeping their currencies down artificially with a view to securing a competitive edge in international trade.
As early as January, US Treasury Secretary Steven Mnuchin emphasized at the World Economic Forum in Davos, Switzerland, that a weaker dollar would be good for the US.
Read more: Does Donald Trump eye a weak dollar? | Business| Economy and finance news from a German perspective | DW | 19.03.2018
Donald Trump's zig-zag policy style is creating fears among partners, who have started talking about a trade war as a spiral of higher tariffs and countermeasures seems irreversible. Ahead of the Buenos Aires meeting of G20 finance ministers and central bankers, there's also fresh talk of a looming currency war which could be triggered by individual nations keeping their currencies down artificially with a view to securing a competitive edge in international trade.
As early as January, US Treasury Secretary Steven Mnuchin emphasized at the World Economic Forum in Davos, Switzerland, that a weaker dollar would be good for the US.
Read more: Does Donald Trump eye a weak dollar? | Business| Economy and finance news from a German perspective | DW | 19.03.2018
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