Markets

China won’t use the yuan to ‘aggressively’ attack the US, even as trade tensions between the world’s 2 largest economies rise, Morgan Stanley says

Morgan Stanley does not think China will use its Yuan “aggresively” against the US even as trade tensions mount between both countries. Morgan Stanley chief Asia economist Chetan Ahyda said: “China doesn’t want its currency to be that volatile.” China devalued its currency in 2018 prompting the US to label […]
China won’t use the yuan to ‘aggressively’ attack the US, even as trade tensions between the world’s 2 largest economies rise, Morgan Stanley says
Markets

Trump’s advisers reportedly considered proposals to undermine Hong Kong’s peg to the US dollar, threatening a system that has been in place since 1983

The US administration reportedly discussed limiting Hong Kong’s peg to the dollar that has been in place since 1983, in response to China’s draconian security law passed in May. Bloomberg reported Wednesday, that the possibility of limiting Hong Kong banks’ ability to buy dollars, has been raised with US secretary […]
Trump’s advisers reportedly considered proposals to undermine Hong Kong’s peg to the US dollar, threatening a system that has been in place since 1983