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Viewsroom

The dollar and the yuan are polar opposites

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 16 May 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

The strong greenback and questions over a Chinese devaluation reflect the contrasting outlooks for the two economies. In this Viewsroom podcast, Breakingviews columnists debate why Beijing is unlikely to push down its currency and why the dollar will remain elevated. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hear that? It's your big McDonald's hunger calling, because the Big Arch is back,

0:04.8

and this time it's here to stay with juicy beef, cheddar cheese and that Big Arch sauce.

0:09.9

Hungry? You are now.

0:11.6

Order delivery on the McDonald's app.

0:15.0

Serve from 11am, upcharges and fees apply to delivery orders.

0:17.9

Subjects availability, price and participation may vary.

0:20.3

The views expressed on this podcast are those of the participants, not of Roald's News.

0:26.6

I think I still see in the underlying core drivers of economic activity considerable strength.

0:35.7

So I think that the U.S. economy continues to perform very, very well.

0:43.3

And I think to me that was evident. The headline figure was off a little bit, but for reasons

0:50.1

that are peculiar and not really indicative of underlying strength.

0:56.0

That was U.S. Treasury Secretary Janet Yellen,

1:00.0

speaking to Reuters editor-in-chief Alessandra Galloni last month.

1:04.0

The strength of the U.S. dollar and question marks

1:07.0

over whether China should devalue its currency

1:09.0

are the focus of this week's

1:11.1

views room.

1:12.6

Welcome back to the views room.

1:13.8

I'm Amy Donlan.

1:15.2

This week we are delving into currencies.

1:17.7

The US dollar is flexing its muscles just as China's Rinambi is showing strain.

1:22.9

These two diverging fortunes may increase the tension between the world's largest economies

...

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