US Treasury currency manipulator report due next week, China to be named?
Speculation that the US will officially name China has ebbed and flowed for, oh, about 30 years or so.
Next week we get the twice-yearly report from the US Treasury that may (or, if the trend really is your friend, may not) name China as a currency manipulator.
The criteria the Treasury uses is quite restrictive (hence it doesn't name countries too often at all) but with the new boss (the Prez) maybe they can bend a little.
Recent official comments (and seemingly endless tweets from you-know-who) have expressed concerns that China is manipulating the value of the yuan.
ps. I posted on a mechanism the US can use to name China, here: Here's How Trump Can Formally Call China a Currency Manipulator
pps. I take a simple view. If a country sets a rate (& or range) every day at which the currency is permitted to trade and threatens intervention if the market takes it outside of the permitted range then yeah, manipulation. Simples, really.