- 05 Aug '19 at 11:17 pm #21507Helmholtz WatsonParticipant
US Treasury Secretary Mnuchin declared China as a…
[article]1661[/article]06 Aug '19 at 3:00 am #21508
This Move From Trump Last Week Leaving a Trail …
Trade War Battle Fallout After US Market Close
$ES_F DOWN Another 37 Handles
oil Down Another 50 Cents
$USDJPY Down 30 pips
$EURUSD Up 22 Pips After Yuan Continues Collapse06 Aug '19 at 3:04 am #21509
Westpac Note on the China US trade war transitioning into a currency war
After Mnuchin says China is a currency manipulator
“It would be naïve to think otherwise”
“This is another escalation of the trade war that’s very unhelpful, and will probably cause mayhem in the markets”
“If the intent is to restore calm to the markets, this is very counterproductive.”
sets up more of a showdown between the U.S. and China
See further weakness in equities, bigger fall in yields, a rush to safe haven
the trade war is morphing into a currency war06 Aug '19 at 3:46 am #21510
First Squawk @FirstSquawk
Chinese And Hong Kong Stocks Downgraded To ‘Underweight’ At Credit Suisse[/color]06 Aug '19 at 6:22 pm #21513ThePitBossParticipant
PBOC to the rescue:
Markets rebounded on Tuesday after China’s central bank indicated it wanted its currency to trade at a higher level than expected against the dollar, easing tensions about the nation using its currency as a weapon in the trade war.
On Tuesday morning, the People’s Bank of China set the yuan fixing at 6.9683 per dollar.
A Reuters estimate had expected a weaker midpoint of 6.9736.
In Monday’s Asian afternoon trading hours, the onshore currency changed hands at 7.0304 against the dollar, while the offshore yuan traded at 7.0807 against the greenback.
The Dow Jones Industrial Average traded 220 points higher, more than 0.8%.07 Aug '19 at 3:38 am #21525TrumanParticipant
Via Reuters07 Aug '19 at 3:47 am #21526TrumanParticipant
Hu Xijin 胡锡进 @HuXijin_GT
Editor-in-chief of Chinese and English editions of the Global Times
This kind of soft tone by Trump administration is tailor made for US stock markets. Their lies have become bubbles flooding the US stock markets. Whether or not there will be negotiations, China won’t yield to Washington’s hegemony. We’re prepared for new US tariffs.
Responding to Larry Kudlow:
The president has said, you know, if you make a good deal or good progress on a deal, maybe he’ll be flexible on the tariffs,” Trump’s top economic advisor @larry_kudlow said. “He’s open to it, that’s really the key point.” (link: https://cnb.cx/2yJAU0d)
[tweet]1158787289553633280[/tweet]06 Nov '19 at 7:51 am #22420ClemSnideParticipant
Cross border yuan usage rises 20% year-over-year – PBOC Official
Says that cross-border yuan usage in the January-Sept period exceeded 14 trillion yuan, up 20% year-over-year.
Majority for securities investments.
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