Trump's currency charge against China is 5-10 years out of date - CIBC
Jeremy Stretch, Head of G-10 FX at CIBC says, “Trump’s accusation that China is a currency manipulator is at least 5-10 years out of date.” He adds, “If anything, China is trying to stabilise its currency, which is a good thing”.
On GBP being undervalued:
Stretch says the traditional study does suggest it is undervalued, but we are operating in new normal or abnormal times. Record shorts do indicate potential for recovery, but it is likely to be capped around 1.3
ECB does not need to be so expansive, the EUR could go higher post French elections
Listen to the full segment as Stretch weighs-in on the Trump-Xi meeting and the fundamentals of the UK economy
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