China won’t be named currency manipulator

[moweike]

https://www.forexlive.com/news/!/china-wont-be-named-currency-manipulator-report-20181011

Status quo report
There's no official date for publication but Politico reports it's coming out Monday and it won't name China a manipulator, something that's been rumored.

"The report submitted internally to Treasury Secretary Steven Mnuchin did not recommend that Beijing be labeled a currency manipulator and continued to place China on a monitoring list, an administration official familiar with the report told POLITICO," the report says.

They say it's possible for Mnuchin to reverse that recommendation but that's extraordinarily unlikely, as he's the guy who is trying to build bridges.

 

[925boy]

What will be achieved/changed by calling China a currency manipulator?

 

[Menthol]

What will be achieved/changed by calling China a currency manipulator?

To push Yuan as high as possible and the country implode by itself.

 

[52051]

To push Yuan as high as possible and the country implode by itself.

So basically achieved a wet dream?