Why Debt in China May Impact Dollar Strength
The yuan fell for a third day against the dollar on concern authorities prefer a weaker currency to stability versus the greenback. The dollar’s slump this year has allowed the People’s Bank of China to weaken the yuan against a basket of currencies, while keeping it steady against its U.S. counterpart. This strategy is being undermined by the greenback’s biggest two-day jump since November, fueled by signals the Federal Reserve may raise interest rates next month. London & Capital Group Chief Investment Officer Pau Morilla-Giner discusses China and global growth with Bloomberg's Francine Lacqua on "The Pulse."
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How Bannon's Ouster May Impact Trump's Agenda
24:59 - Stephen Bannon will leave his role as chief strategist to President Donald Trump, with today being his last day in the White House. Bloomberg's Sahil Kapur and Craig Gordon examine what’s next for the Trump Administration on "Bloomberg Markets: The Trump Economy." (Source: Bloomberg)