China: depreciation of yuan due to protectionism, tariffs on chinese goods

China: depreciation of yuan due to protectionism, tariffs on chinese goods

Added at 9:39pm

PBOC: Can Keep The Yuan Absolutely Stable
-Economic Fundamentals Are Sound
— LiveSquawk (@LiveSquawk) August 5, 2019

Added at 9:39pm

[RTRS] - CHINA CBANK: YUAN EXCHANGE RATE MOVEMENT IS DEPENDENT ON FUNDAMENTALS OVER THE LONG TERM
— FxMacro (@fxmacro) August 5, 2019

Added at 9:42pm

PBOC: Foreign Exchange Market Can Find Its Balance On Its Own
-Has Confidence In Its Ability To Maintain Yuan's Exchange Rate At A Reasonable Level
-Will Crack Down On Short-Term Speculation On The Yuan
— LiveSquawk (@LiveSquawk) August 5, 2019

Added at 9:43pm

PBOC SAYS YUAN PAST 7 DUE TO TARIFF EXPECTATION, PROTECTIONISM
— Heisenberg Report (@heisenbergrpt) August 5, 2019

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EF5

Aug 4, 2019 9:59pm — Edited

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There's a lot more than meets the eye with this. Here are a few things I’m questioning:

- The Chinese know this will anger the US so have we reached a point where there's no hope for a trade deal?
- Is China's economy is doing worse than we realize?
- How much further are they going to weaken?
- Capital flight?
- Banking crisis?

I understand the Chinese have a lot of dollar denominated debt so weakening their currency is a double-edged sword.

Trader#5C3F

Aug 6, 2019 3:11am

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While someone's printing new banknote and call it Q.E. gracefully.

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Aug 4, 2019 9:39pm
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