Comments from unnamed US Treasury official
Monitoring developments related to the yuan
Global growth appears to be not as robust as last year
Treasury is reviewing IMF resource needs
Mnuchin to discuss Brexit status with counterparts at IMF meeting
USD/CNY is nearing the 2018 and 2016 highs. A break to 7.00 would make things very interesting.
The thing is, USD/CNY should be rising because China's economy is slowing and the US is accelerating. Yet as it rises, Trump will be more inclined to accuse China of manipulation and more of a risk to retaliate.
