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3min chapter
Diego Parrilla: China Is Running Out Of Options
The Macro Trading Floor
Trade Wars
If we take a step back diego, and look at the developments in the dollar verses the uan during the trade war ive, i found a very clear pattern. Every time trump increased tariffs on china, it seems as if the doliver strengthened versus the chinese reminbe right? We re currently almost in the opposite situation, right byden is, at least, considering moving tariffs in the other direction. What do you make of the dear political risk surrounding doliver? You know why? And the link to trade this is very interesting. It's a now brainer to try to keep a weak currency in andnd, beggar thy neighbor.
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