Economics
World’s Biggest FX Trader Calls Trump Currency Talk Hogwash
- Citigroup’s Buiter says jawboning has limited effect
- Markets anticipate significant U.S. stimulus, Fed tigthening
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Hogwash. Hot air.
That’s what Willem Buiter, chief economist at Citigroup Inc., makes of the Trump administration’s comments on exchange rates. The world’s largest foreign-exchange trading firm sees the dollar rising this year even as the president talks the greenback down and blasts some of the nation’s biggest trading partners for currency manipulation.