In the same category

China is letting the yuan crush the dollar, and Trump is just one reason

IMG Auteur
Published : February 23rd, 2018
151 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
Our Newsletter...
Category : GoldWire

The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners.

This is all going according to China's plan, experts say.

Although the strength of the yuan against the dollar is in part due to the greenback's weakness, experts say the world's second-largest economy is also propping up its currency to appease President Donald Trump.

China has "reversed the rise" of the dollar against the yuan, and there's now "meaningful" strength against the greenback, Bilal Hafeez, global head of G-10 foreign-exchange strategy at Nomura, wrote in a recent note.

"Part of this was likely a response to the election of President Trump and the need to avoid being labelled a currency manipulator," Hafeez added. ...

... For the remainder of the report:

* * *


Data and Statistics for these countries : China | Georgia | All
Gold and Silver Prices for these countries : China | Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow