In the News

Trump’s Currency War Plan Puts Treasury and Commerce at Odds

(Bloomberg) President Donald Trump is poised to turn the $5.1 trillion-a-day global currency market into the next battlefield in his trade war with a proposal that has set two U.S. government agencies on a collision course.

Currency traders, meanwhile, say they’re wary of any kind of government intervention in the market — especially by the largest and most important economy in the world.

“We would much prefer currencies to trade based on fundamentals of monetary policy and economic data than tweets’’ and other kinds of political intervention, said John Doyle, a currency strategist at Tempus Inc.


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