Donald Trump’s first day in office has whipsawed global markets, with traders zeroing in on a warning over currency manipulation which may spark greater volatility ahead.
A fact sheet from the new US administration that is yet to be made public has called for key federal agencies to address foreign-exchange manipulation by other countries, prompting strategists to ponder who will be targeted. Japan, China, Germany and Singapore are already on the US Treasury Department’s “monitoring list” for currency practices.