John Authers, Columnist

Trump, Xi Got What They Wanted in a Stronger Yuan

The two leaders gained some breathing room while reducing downward pressure on China’s currency. Also, bond inversions and French disturbances.

December 4, 2018 at 12:16 AM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Both the U.S. and China wanted a stronger yuan.
Photographer: Bloomberg/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

To get John Authers’s newsletter delivered directly to your inbox, sign up here.

For China and the U.S., Buenos Aires was “Mission Accomplished.” There’s some painful political history attached to this phrase and its premature use. I’d like to explain.