The smelly stuff hit the fan in Asia on Monday, this was the comments from the PBOC in the yuan:
- depreciation of yuan due to trade protectionism, tariffs on Chinese goods
Yep, no 'may' about weaponizing the yuan, its done,.
![The smelly stuff hit the fan in Asia on Monday, this was the comments from the PBOC in the yuan:](https://az705044.vo.msecnd.net/20190805/usdcnh-06-august-2019.png)
Now we wait for Trump to order the same for the US dollar … (I've been warning on this for a while. We haven't seen US intervention yet apart from the political rate cut,. Wait for it).