Quotes from the news wire:
If there is any surprise from the Phase 1 deal ... that may actually cause some kind of volatility, people are really focused on whether China is really committed to purchase additional $200 billion in goods and services from the U.S. over the next two years ... there's not much commitment from China yet.
We think China is unlikely to engineer 25% depreciation to counter the impact of tariff as the cost of capital outflows amid the shrinking current account surplus may outweigh the benefit of supporting export, the pressure on RMB depreciation may depend on three near-term factors including the size of China's retaliation package, U.S.'s plan to impose tariff on the remaining $325 billion products and market's assessment on whether the setback is temporary or not.
Found on Reuters 4 years ago
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