If China wants to counter a 25% tariff-rate via FX, USD/CNY needs to go to 7.91
So far the weakness in $CNY has almost countered a tariff-rate of 10% one to one. If China wants to counter a 25% tariff-rate via FX, USD/CNY needs to go to 7.91 Lets see how the US tariff hearings will play out later this week pic.twitter.com/ySO8fUPWp7 — Andreas Steno Larsen (@AndreasSteno) August 21, 2018 Should … Read more