China's Currency Is Sinking

[dealmaker]

China's Currency Is Sinking


The mainland Chinese renminbi sunk to its lowest point relative to the dollar in more than a decade, as the U.S.-China trade war mounted. The currency surpassed 7 to the dollar—a psychologically important threshold that hasn't been passed since around the time of the financial crisis. The currency is also a flashpoint between China and President Trump, who has frequently criticized China's weakening of its currency to help its exports. New York Times

 

[comagnum]

I know many on here hate Forex - which makes me like my Fx trades that much more. Some of the legendary futures traders also traded spot Fx, nothing to fear - just make sure you have strong $ mgmt & a good broker with a clean regulatory track record.

Forex has the least capitalized trading against the most capitalized, their down fall is trying to trade way,way,way over leveraged & over to small of a time frame.

So many people have opinions on the economy without a trade on it.