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2017-04-12

Soaring Trump dollar risks global trade war and China currency crisis, warns Posen

We expect the dollar to rise by another 10pc to 15pc.

Politicians from the G5 powers ultimately intervened to drive down the Reagan dollar at the Plaza Accord in 1985

That attempt to manipulate currencies in defiance of economic fundamentals led - by a complex chain of causality - to the Nikkei bubble in Japan, and to the 1987 stock market crash on Wall Street.


Ambrose Evans-Pritchard, 11 April 2017

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