Trump commerce adviser Navarro warns on FX manipulation
Reuters information, quoting Peter Navarro, Trump’s incoming senior counselor for commerce and manufacturing:
- “I do not consider the Trump Treasury Division would welcome Chinese language foreign money manipulation very fondly. The historical past of China as a foreign money manipulator is well-known.”
I posted on the stories China is mulling sending the yuan decrease earlier this week:
- If China aggressively intervenes within the yuan, it “raises the chance of a tariff cascade”
Reuters reported quite a lot of analysts canvassing the likelihood. The Reuters report is gated.
Weekly CNY chart – try the free charting app on ForexLive and you’ll alter the time scale to see an excellent greater image.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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