- HSBC says the Trump administration could shake up most of the $5 trillion currency market with clauses it’s trying to insert into trade agreements.
- Global head of FX research David Bloom says the administration wants to stabilize the euro, Chinese yuan, Japanese yen, and other currencies to address the US trade deficit. That would give the US’ tariffs more strength as well.
Source: Trump is threatening to disrupt the $5 trillion currency market by inserting clauses into trade deals. Here’s how that could change how the entire global economy functions.