The United States should consider deliberately weakening its own currency to ease strains on the global economy, according to one of the world’s leading fund managers.The pound is 17 per cent down against the dollar this year, the euro 14 per cent off and the yen 20 per cent lower as the US Federal Reserve aggressively hikes interest rates to tackle inflation.Now the chairman of the France-based Amundi Institute, Pascal Blanque, has said a short-term fix could involve an international deal to weaken the greenback, along the lines of the Plaza accord which achieved a similar goal 37 years ago.
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