"US Monitoring China Currency Manipulation" Mnuchin Confirms Trump's Concerns | WHAT REALLY HAPPENED


"US Monitoring China Currency Manipulation" Mnuchin Confirms Trump's Concerns

Confirming the President's concerns, U.S. Treasury Secretary Steven Mnuchin issued a warning to China over the recent weakness of its yuan currency on Friday, telling Reuters that the Treasury is closely monitoring the yuan for signs of manipulation.

in an interview in Sao Paulo, Brazil, Mnuchin said:

“There’s no question that the weakening of the currency creates an unfair advantage for them," adding that "we’re going to very carefully review whether they have manipulated the currency."

While we have been hammering on the weakness in global FX (Yuan and Euro specifically) for weeks, this is a story that’s been under the radar but suddenly blew up in the last 24 hours.

Webmaster's Commentary: 

What concerns me greatly here, is how quickly trade and economic wars can morph into shooting wars.

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