Could a growing global skepticism of manufactured goods crash the world’s largest manufacturing economy?
Wednesday, November 9, 2016
U.S. Optimism Fades, China Steady
On election night in the United States it is North American currencies declining as election-day optimism fades. Mexico’s currency has fallen to a record low but the U.S. and Canadian dollars have also fallen off sharply with fears of a prolonged U.S. recession. China’s markets and currency have held relatively steady today but will eventually be affected by reduced opportunity for exports to the three Nafta countries.