LOL, now that the tweeter in chief has caved on the 'manipulator' 'promise' on China the People's Bank of China is quick to take advantage
Well played.
A People's Bank of China official writing in Shanghai Securities News on yuan 'flexibility'
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ps. Anyone who knows the first thing about US Treasury labelling a currency manipulation knew the China thing was utter b/s. The naive are still trying to squirm out of it though. Endless supply of fools!
FXL has been all over the idiocy of 'manipulator' label for China ... here are a few examples if you'd like to refresh your memory:
- Labeling China an FX manipulator is the greatest con in US politics
- The U.S. Treasury would have to radically change its definitions of currency manipulation in order to squeeze China into that label for its next report due April 14