At 9:44 a.m. ET, the Chinese offshore currency hit an intraday low against the dollar. Merely two minutes later, the S&P 500 slumped to the low of the day of 2,824.45. Stocks quickly rebounded in the afternoon with the S&P 500 erasing a nearly 1% loss just when the yuan started to stabilize.The yuan came to the limelight after China weaponized the currency in the trade war with the U.S. to retaliate against President Donald Trump's tariffs.
But a look at the charts shows the yuan was dictating trading on Wednesday and has been the last three sessions. And it may be influencing the move in U.S. bond yields as well.
Who made the decision to be obsessed by the Yuan? Certainly if China does not have the firepower to protect its currency, it is bad for them. If they have to become a seller of gold it is another market that has the worry.
They are going to own us. SERIOUSLY. And then we will be the 'shithole country'.
realDonaldTrump can turn that around...When they take their currency low, borrow money to American companies to go and purchase Chinese assets with American dollar since this in a long run would means lost of control of their native companies. You buy things when they're cheaper
As happens with a global economy.
Pretty sure you meant to say..... TRUMP The StableGenius IAloneCanFixThis TariffsAreGreat FukingMorons
They should be obsessed with getting rid of the cause of this problem DJT.
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