Tuesday , 20 October 2020

Tag Archives: yuan

Weighing the Mnuchin Factor: Dollar Might Be Heading for Devaluation

The dollar is overvalued, US Treasury Secretary nominee Steven Mnuchin said, echoing the remarks made previously by President Donald Trump, suggesting the new administration might take conscious and coherent steps to devalue the greenback in order to boost domestic production. Kristian Rouz – As the new US administration begins to take shape, it is reconsidering the nation’s approach to foreign …

Read More »

Strong #Yuan Can’t Be Justified

Chinese trade data unexpectedly fell in June. This has raised some concerns about the strength of the Chinese yuan. “One key policy take-away from this trade report is probably that the strength of the yuan can hardly be justified,” wrote Societe Generale’s Wei Yao in a note to clients. The yuan has already had a strong climb in trade-weighted terms. …

Read More »