China just fired a bazooka in the global currency war that might even make the Fed flinch

[vtnsx]

The global currency war entered a new and critical phase on Tuesday as China’s surprise devaluation threatened to unleash a wave of competitive devaluations and keep monetary policy around the world looser for longer – perhaps even forcing the U.S. Federal Reserve to delay or slow its expected rate rise cycle.

China blindsides global markets with biggest cut to currency in two decades

China’s shock move is scorching through every asset class — commodities, currencies and exporters are all tumbling on fears the world’s second-biggest economy is headed for a deep slowdown. Read on

‘Currency wars’, a phrase used by Brazil’s former finance minister Guido Mantega in 2010 to describe how competing countries explicitly or implicitly weaken their exchange rates to boost exports and gain trade advantage, have intensified in recent years.

As interest rates have fallen to zero and below in many developed economies, money printing has proliferated and exchange rates have become one of the few remaining levers to stimulate business activity and, in some cases, avoid deflation.

Source: China just fired a bazooka in the global currency war that might even make the Fed flinch | Financial Post

 

[Providence]

They fired a bazooka only towards their long term survivability. Yuan is gonna be dead in few years !

 

[vtnsx]

They fired a bazooka only towards their long term survivability. Yuan is gonna be dead in few years !

Once TPP is up and running, Yuan is going to be dead.

 

[Capt.Popeye]

Once TPP is up and running, Yuan is going to be dead.

They fired a bazooka only towards their long term survivability. Yuan is gonna be dead in few years !

Are you guys trying to say that the Chinese Govt. has suicidal tendencies ??

 

[vtnsx]

Are you guys trying to say that the Chinese Govt. has suicidal tendencies ??

This is a desperate attempt by the Chinese government to gain back its status on export.

 

[jmacmac]

They fired a bazooka only towards their long term survivability. Yuan is gonna be dead in few years !

seem that your free media didn't tell you, we just cash out about $500 billion of FX in the last few months.

 

[Providence]

Are you guys trying to say that the Chinese Govt. has suicidal tendencies ??

They are willing to ensure a survivability at higher level. They can spare the local people if they have to.

 

[SecularNationalist]

They fired a bazooka only towards their long term survivability. Yuan is gonna be dead in few years !

Hey yank go wank in your mom,s basement

 

[RazorMC]

They fired a bazooka only towards their long term survivability. Yuan is gonna be dead in few years !

Not so. Their exports prefer a lower currency to keep manufacturing/labor costs down.
It is the lower-income class that is going to suffer the most.

 

[Luca1]

Once TPP is up and running, Yuan is going to be dead.

TPP is dead on arrival. It will never pass the congress.

 

[vtnsx]

TPP is dead on arrival. It will never pass the congress.

You sound like a traitor. Why must you live in America for? reveal yourself.

 

[Luca1]

You sound like a traitor. Why must you live in America for? reveal yourself.

It's the truth. America need more jobs and less job for foreigners. Such as you.

 

[vtnsx]

It's the truth. America need more jobs and less job for foreigners. Such as you.

You sound like a broken exhaust pipe from a motorcycle. It's loud but not effective.

I'm actually moving to Texas in the future to create more jobs for America.

 

[T-Rex]

seem that your free media didn't tell you, we just cash out about $500 billion of FX in the last few months.

What about the US bonds, has the Chinese government sold some of them?