The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador	8/5/2018 2:18:42 PM
	1 Recommendation Recommended By John Pitera Read Replies (1) of 13803

July 22, 2018 China seemed to be enjoying the advantage of exchange-rate depreciation without the global backlash and panicky capital outflows that accompanied the bout of yuan weakening in 2015. Then Donald Trump took issue. The U.S. president’s charges that China is “ manipulating” a currency that’s been “ dropping like a rock” came at the end of a six-week slide in the yuan that took it to its lowest level in more than a year against the dollar. The remarks, in a tweet and an interview with CNBC, suggested to market participants that the U.S.-China trade war is now broadening to include currencies, putting fresh scrutiny on Chinese management of the yuan. bloomberg.com August 3, 2018 PBOC steps in to arrest the slide China Steps In to Support Yuan By Boosting Cost to Short Shorthttps://news.google.com/articles/CAIiELdGphg1OGm2pkU4sXtZxSEqGQgEKhAIACoHCAow4uzwCjCF3bsCMKrOrwM?hl=en-KE&gl=KE&ceid=KE%3Aen

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