HSBC's Bloom Says Dollar Is the Currency to Own

The transcript discusses the conditions needed for a sustainably softer US dollar, emphasizing the potential impact of a comprehensive trade deal between the US and China. It highlights the stability of the renminbi and the rally of risk assets if such a deal is reached. The discussion also covers the influence of political and cyclical factors on currency movements, particularly the impact of tariffs on the USD-CNY exchange rate.

What factors are mentioned that could lead to a sustainably softer greenback?

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How would a full-blown deal with China impact the market according to the text?

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What is the significance of the PBOC fixing mentioned in the text?

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What are the main concerns driving the currency pair of Yuan versus USD?

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What does the speaker imply about the relationship between political changes and currency movements?

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