Posted by on September 19, 2017 2:52 am
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Categories: Business China Currency donald trump Economy Fixed exchange-rate system Foreign exchange market Hong Kong Hong Kong dollar International finance Monetary hegemony Yuan

Offshore yuan has now dropped almost 16 handles in the last 8 days since Chinese officials voiced their concerns “about a rallying yuan as exporters come under strain.”

Tonight’s tumble pushes the Yuan to its lowest since August for the biggest 8-day drop since the election...

And offers Trump some excuses to be mad at China for ‘devaluing’ their currency after the dollar dumped for most of the year…

Notably, while Yuan is tumbling, Hong Kong Dollar spiked back toewards the peg…

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