US Treasury Sec. Mnuchin: Currency must be a part of any US-China trade discussions
|The US Treasury secretary Steven Mnuchin was out on the wires in the last hour, saying that markets are not efficient and can sometimes overshoot on both downside and upside.
Additional quotes:
• Experiencing a "normal correction" (referring to the recent rout over the past two trading sessions).
• Told PBOC Governor Yi Gang that currency must be part of any US-China trade discussions.
• Needs concrete "action items" from China to rebalance trade relationship in order for talks to resume.
• US-China annual trade relationship could be worth $1 trillion if rebalanced, approaching the size of NAFTA.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.