Forex
globalreutersJuly 16, 20241 Mins read
Trump wants 60% tariff on China, China can respond by letting the yuan fall
globalreutersJuly 16, 20241 Mins read Useful points made by Senior Fellow at Council on Foreign Relations (CFR) Brad Setser.
I’d only add that China has already begun to let the yuan drop. We had the heads up on this from HSBC, and they were spot on:
(USD/CNY chart below)
This article was written by Eamonn Sheridan at www.forexlive.com.
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