, hurting the U.S. as a result. If China does allow its currency to weaken, its exports would become more attractive, but strategists say Beijing would then worry about capital flight and it would probably not want to risk that.
"It looks like they're not even being invited to China. If there's no talks ahead of Trump and [President Xi Jinping] meeting in Osaka, then the meeting becomes binary and very risky," said Nordvig. Trump and Xi are expected to meet on the sidelines of the G-20 meeting June 28. "It's selling off on expectations of easier monetary policy and apparently no trade talks. China says we haven't invited the U.S. back," said Chandler, adding he expects the currency to challenge the 7 level soon.
China decided to delink from the US economy since the Pence’s Hudson speech last October 2018 and will not reengage until 2023. The RMB will inch to 5 to 1 slowly in 3 years, by selling 10 to 50 billion US T-bill a month. See
Bitcoins better ha Ha
China need to devalue their currency, if not they are going to suffer a lot.
Not going well and Not going well for China are 2 different things.
Yeah we are exposing their currency manipulation.
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