FX Manipulator No More, U.S.-EU Brawl, Stagflation: Eco Day


(Bloomberg) --

Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • The Trump administration lifted its designation of China as a currency cheat, saying the nation has made “enforceable commitments” not to devalue the yuan and has agreed to publish exchange-rate information
    • China’s export juggernaut last year showed it can be nimble, quickly diversifying into new markets to cushion the impact of Donald Trump’s tariff onslaught
  • The European Union’s new trade chief will be in Washington for the next three days trying to head off a transatlantic commercial war on several fronts. The prospects for success look slim
  • Sentiment among U.S. small businesses unexpectedly cooled at the end of 2019 after climbing to a four-month high in November
  • A rejuvenated U.S. housing market will help keep the economy chugging along despite the threat posed by a derailment in corporate spending
  • Swiss National Bank President Thomas Jordan is finding it’s hard to revert to normal monetary policy without risking an unwanted appreciation of the franc
  • In the U.K., the Bank of England’s dovish shift in the past week has already rippled through markets, and now economists are starting to react too
  • Just two years ago, India’s economy was expanding 8%, spurring optimism it on a path to become a major global growth driver. Now, stagflation looms

©2020 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.