China devaluing Currency in Response to Trump

m.scmp.com/business/markets/arti … s-election

Look at that, Chinese are openly speculating on their largest English new site that the reason China is devaluating it’s currency is in response to Trump and Bernie. Hillary has followed their lead in some of her foreign policies regarding trade.

Why? Weaker currency means import less, sell more. Easier to just move it back to the norm as a compromise.

The world markets are curious to see if Donald Trump will make do with his promises of economic protectionism or not.

It is liable to be very interesting before the year is over depending who becomes the next American presidential sock puppet.