Coming Currency War The dollar is now nearly 13 percent weaker than it was earlier this year and possibly headed lower based on massive deficit spending. The inverse is that other currencies are getting stronger. And for those nations that are export dependent, a stronger currency threatens their recovery from the global COVID-19 recession. When President-Elect Joe Biden assumes office, he will inherit his predecessor’s designation of Switzerland and Vietnam as currency manipulators, plus a long list of others that are on a presumptive “watch” list. The Nikkei reports that the day after Mr. Biden won the election, Japanese Prime Minister Yoshihide Suga told aides not to allow the yen to slip below 100 to the dollar...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.