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[–] poly 0 points 9 points (+9|-0) ago 

Don’t assume a devalued Chinese currency is good for USA. China has already been labeled as a currency manipulator, because China deliberately devalues their own currency to make it harder to sell US goods to China, and easier to ship American jobs to China

[–] [deleted] 0 points 5 points (+5|-0) ago  (edited ago)

[Deleted]

[–] MarauderShields 0 points 1 point (+1|-0) ago 

This is what I was looking for, to prove CCP involvement with Biden. Also Xi's retraction on Taiwan or 3 days ago.

[–] burnthegoyimhaters 0 points 2 points (+2|-0) ago  (edited ago)

Could be them crashing the price on purpose so they can dump their american dollars into it, to get a shit ton of Yuan for cheap. And watch it rise back up past where it was before the crash next quarter silently.

edit: to me this looks like a time to buy into the Yuan for some easy profits on the back of their manipulation.

[–] FullnessofTime ago 

Be very careful sooner or later their internal manipulation of the yuan will not be able to affect market price and when that happens people assuming it's bounce back are going to lose a lot of money. It isn't just the US who's had enough and is shipping what they can back to their shores and the rest to stable asian nations like s. Korea and Japan but a lot of others. That is going to hit the yuan for real soon.

[–] invisiblephrend ago 

we should have put an embargo on them decades ago. or better yet, never have started a trade deal with commies fucks in one country while going to war with commie fucks in another.