China is not manipulating the Yuan - SCMP

Dhwani Mehta FXStreet

An opinion piece carried by the South China Morning Post (SCMP) on Thursday, argues against China being a currency manipulator while suggesting that it’s the US that manipulates the greenback.

Key Quotes:

“Through quantitative easing, US Federal Reserve Board policymakers have been engaging in "competitive devaluation" of the US dollar.

Encouraged capital to seek higher yields.

American capital was free to go anywhere, it drove up the exchange rate of every other currency in the world, driving Japan and the Eurozone to launch their own "competitive" quantitative-easing schemes to counter the devaluation of the US dollar.

This is currency manipulation par excellence.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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