According to a former Japanese foreign exchange diplomat, Donald Trump is unlikely to secure a deal similar to the historic Plaza Accord to influence the value of the dollar. The Plaza Accord, signed in 1985 by five major economies, aimed to depreciate the US dollar to address trade imbalances. The ex-diplomat expressed skepticism about the possibility of achieving a comparable agreement in the current economic climate, citing complex global economic conditions and today’s geopolitical challenges.
Ex-Japan FX Diplomat: No ‘Plaza Accord’ Deal for Trump on Dollar
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