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China won't use the yuan to 'aggressively' attack the US, even as trade tensions between the world's 2 largest economies rise, Morgan Stanley says

6 monthes ago   |   By Business Insider

Morgan Stanley does not think China will use its Yuan "aggressively" against the US even as trade tensions mount between both countries.
Morgan Stanley chief Asia economist Chetan Ahyda said: "China doesn't want its currency to be that volatile."
China devalued its currency in 2018 prompting the US to label it as a "currency manipulator."
On Wednesday, China threatened tit-for-tat sanctions for the US signing of the Hong Kong Autonomy Act, which in turn followed China's imposition of a new security law in Hong Kong.
Visit Business Insider's homepage for more stories .
As trade tensions...
Read more ...

 

China won't use the yuan to 'aggressively' attack the US, even as trade tensions between the world's 2 largest economies rise, Morgan Stanley says

6 monthes ago   |   By Business Insider

Morgan Stanley does not think China will use its Yuan "aggresively" against the US even as trade tensions mount between both countries.
Morgan Stanley chief Asia economist Chetan Ahyda said: "China doesn't want its currency to be that volatile."
China devalued its currency in 2018 prompting the US to label it as a "currency manipulator."
On Wednesday, China threatened tit-for-tat sanctions for the US signing of the Hong Kong Autonomy Act, which in turn followed China's imposition of a new security law in Hong Kong.
Visit Business Insider's homepage for more stories .
As trade tensions...
Read more ...

 


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