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US dollar remains dominant despite tariff turmoil, says top IMF official
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IMF’s first deputy managing director Gita Gopinath also believes that moves in the US treasury market are not disorderly.
PHOTO: IMF
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SINGAPORE – The weakness in the US currency and higher yields of its sovereign bonds are not signs of a major structural shift in the global economic order, says a top International Monetary Fund (IMF) official.
The movements represent the high level of uncertainty about US trade policy, which is weighing down on US and global economic growth, the IMF’s first deputy managing director, Ms Gita Gopinath, said in an interview with The Straits Times.
