It's Madness That There's A Question Of Whether The US Or China Is A Bigger Currency Manipulator

On CNBC they held a segment asking which country was the biggest currency manipulator: The US or China.

Here’s the answer: it’s China.

Yes, the expansionary Fed policy is dollar negative, but here’s a hint. CHINESE CURRENCY NEVER MOVES.

Oh, and of course, you can’t keep your currency fixed to a big-time money printer like the US unless you’re printing like crazy yourself.

Here’s a chart of CNYUSD.

chart

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