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China saves face

Summary:
Trump goads China into supporting their currency exchange rate so they save face and they don't look "weak!"#4Dchess PBOC's Chen: US labeling China as a currency manipulator is wrong https://t.co/QaxuE3at65 — ForexLive (@ForexLive) August 6, 2019 PBOC reportedly tells foreign firms that yuan won't keep falling https://t.co/7JQk0NIQ5L — ForexLive (@ForexLive) August 6, 2019

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Trump goads China into supporting their currency exchange rate so they save face and they don't look "weak!"

#4Dchess


China saves face

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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