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Treasury FX Report not forthcoming

Summary:
I think Trump may have us somehow short the CNY:Mnuchin is unlikely to release a FX report that was due in April until after elections, I'm told.@USTreasury has not issued any such reports this year. One was due this month. https://t.co/19c4RX3F4j— Saleha Mohsin (@SalehaMohsin) October 23, 2020 Remember this one:China dropped the price of their currency to an almost a historic low. It’s called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!— Donald J. Trump (@realDonaldTrump) August 5, 2019 So if China devalues their currency vs USD we “make money!”...

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I think Trump may have us somehow short the CNY:



Remember this one:



So if China devalues their currency vs USD we “make money!”...

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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