Fair Value Model Highlights Currency Risks From Trade War
With the U.S. raising tariffs on $200 billion in Chinese goods to 25%, and China threatening retaliation, which currencies are most exposed? China’s yuan -- for obvious reasons -- is at the top of Bloomberg Economics’ list of most over-valued relative to economic fundamentals. It’s followed by Thailand’s baht and and Philippine peso. While those two countries are not in the most exposed group, they still have a chunk of GDP tied up with U.S.-China trade.
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