My understanding is that the Yuan is still below 7, and China is not working to get it back to were it was previously.
https://www.bloomberg.com/quote/USDCNY:CUR
US-China Trade News... Jawbone Manipulation?
- Thread starter Scataphagos
- Start date
https://www.bloomberg.com/quote/USDCNY:CUR
Market "concerns" were assuaged around there. Had worried a bit about it going lower enough to be a problem. Seems the market has accepted where it is now as "no biggie".
From Adventures in Capitalism...
"...The year is 2030 and the S&P just broke the 1 million level following an algo-induced short squeeze after Trump tweets, “President Ivanka headed to China to negotiate an even better deal for USA. Chinese seriously intimidated because she’s hot.” It has now been 12 years, a trade deal is nowhere in sight and despite a global economic collapse, the market still rallies 2% every time Trump tweets that a deal is close—which happens just about every day...."
"...The year is 2030 and the S&P just broke the 1 million level following an algo-induced short squeeze after Trump tweets, “President Ivanka headed to China to negotiate an even better deal for USA. Chinese seriously intimidated because she’s hot.” It has now been 12 years, a trade deal is nowhere in sight and despite a global economic collapse, the market still rallies 2% every time Trump tweets that a deal is close—which happens just about every day...."
Now, Trump "sees a Xi call very soon". (rimshot)
Trump's looking more and more the clown on his trade issue with China. If he isn't going to stick to his guns, perhaps he should just STFU!
Trump's looking more and more the clown on his trade issue with China. If he isn't going to stick to his guns, perhaps he should just STFU!