Do you think that countries manipulate their currencies to their advantage intentionally?
China has been holding onto vast quantities of U.S. debt for years. This is partly to offshore their currency but also to hold a powerful tool of manipulation. Those who are the creditors hold the power in their hands. It’s no different for a country. We have watched the trade issues back and forth between the U.S. and China and it’s interesting to see how as the tariffs have piled on, China has allowed their currency to be devalued. Coincidence?
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Currency Markets Expose a Crucial Flaw in Trump’s China Tariffs – BNN Bloomberg