USD/CNY soaring above 7 is a hot-button issue for financial markets
“If you love me, let me go!” said the yuan to the People’s Bank. The PBOC didn’t try to hold it back, which caused a real stir in the financial market. China strikes back and devalues its own currency to help exporters who suffered from the US tariffs. The States calls China “currency manipulator” and will stoop to intervene in the Forex life in order to weaken the dollar! Beijing is showing a new weapon in the currency war and Donald Trump just snapped…
China should have been labelled…
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