U.S. Designates China as Currency Manipulator

Re:U.S. Designates China as Currency Manipulator by seanmcdirmid on Monday August 05, 2019 @06:54PM (#20620066)

If the RMB was left to find a market value, it would fall way below 7 to probably 7.5 or even 8 something. Yes, it is being manipulated, but in the other way that Trump says it is. The Chinese are simply running out of the dollars needed to keep manipulating it so that it stays stronger than 7!

The simple irony is that if the Chinese were just to give up manipulating the RMB all together, Trump would be even more angry.

Everyone manipulated, the Japanese and Koreans do it, even the Swiss do it. The only thing that the Chinese do differently is have non market exchanges and currency controls on convertibility. (And their central bank is much less independent than the fed).

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Re:U.S. Designates China as Currency Manipulator by internet_user on Monday August 05, 2019 @06:59PM (#20620115)

There is a certain criteria, and neither Swiss, Koreans, or Japanese meet that criteria.

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Re:U.S. Designates China as Currency Manipulator by AnimalMuppet on Monday August 05, 2019 @07:11PM (#20620230)

Could you be more specific?

And, did China meet the criteria before this latest move?

(And, minor nit: criterion is singular. Criteria are plural.)

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Re:U.S. Designates China as Currency Manipulator by seanmcdirmid on Monday August 05, 2019 @07:01PM (#20620135)

Yes, but the “criteria” are vague and arbitrary, so there might as well be none at all. This is purely a political decision, not an empirical one.

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