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?

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

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

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

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