BIF - Technically Speaking For August 10
Will the trade war hurt China? Maybe - maybe not as much as you might think. Remember when everybody (including me) was deeply concerned about China's controlling its currency? A while ago (as in decades), China went to a semi-free-floating currency, which means they allow the yuan to trade in a narrow band. This has created a degree of flexibility in the foreign exchange markets. The end result is that the yuan is now cheaper versus both the dollar:
And the yen:
This will make Chinese goods cheaper in a number of countries, which may