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Lokesh

-1 to 0 ⚡ • 7m

💸Trump effect? Chinese yuan dips 2.6% in a month, rupee depreciates 0.7% since US election Donald Trump winning the US presidential election has sent emerging market currencies tumbling against the greenback. While the Chinese yuan had strengthened 0.6 percent against the dollar in 2024, until November 5, it had depreciated 2.6 percent since Trump’s election to office. India’s currency had a better showing compared to other emerging market peers. The rupee had depreciated 0.95 percent in the 10 months till November 5 but fell further 0.73 percent within a month of the US Republican candidate becoming the president-elect. Trump also threatened on his social media platform Truth Social that any move towards a unified BRICS currency for international trade would invite 100 percent tariffs for countries within the grouping. He has already talked about imposing tariffs on China, Canada and Mexico. Share your opinion below 👇🏻

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