Published On: Thu, Oct 11th, 2018

US Treasury advise Mnuchin China is not manipulating its currency

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What’s the bet this will prompt Trump to call Treasury crazy and loco as he calls the Federal Reserve? ?

ps. Welcome to Friday everyone 

pps. We’d already been given a heads up today China was in the clear on manipulation (according to Treasury criteria):

And even earlier this week I mentioned China won’t get named … even though I reckon they are (ps. its a good idea not to let personal opinion interfere with what is actually happening):
  • 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.

Oh, and if you are in the manipulation business, check this out:


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