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That's reversed. They artificially weaken their currency, and recently weakened it even more. Your sentence assumes their currency should be low, and they rais
by ars 7y ago
That's reversed. They artificially weaken their currency, and recently weakened it even more.
Your sentence assumes their currency should be low, and they raise it, but evidence is the other way around.
- seanmcdirmid 7y agoNo, it’s the reverse of that: they’ve been artificially strengthening their currency, and are simply slipping to a more reasonable market based value ATM. The CNH exchange provides evidence that the currency should be weaker, it has been that way for a very long time!
- kasey_junk 7y agoNot lately. They’ve been propping it up. https://www.bloomberg.com/news/articles/2019-08-05/u-s-treasury-department-labels-china-a-currency-manipulator?srnd=premium https://www.bloomberg.com/news/articles/2019-08-05/u-s-treas... Check the June quote from Mnuchin where he promises to do this if they stop propping their currency up.