China continues to devalue the yuan, slowly but surely. The China government has started the weakening currency due to the pressure of the United States. And this despite Trump’s temporary “warming” towards the Asians.In September, Beijing can set the level of 7.5, and by the end ofthe year reach 8 yuan per dollar. An important point, on October 1, China celebrates the founding of the People’s Republic of China - the country's main holiday. By this time, the Chinese authorities will need a decision on Hong Kong. Any escalation of the conflict in Hong Kong will only increase pressure on the renminbi.
20 August 2019
China continues to devalue the yuan, slowly but surely.
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