Is the Weakening Yuan Actually Currency Manipulation?

Publish date:
Video Duration:

So, what's going on?

Monday morning, the Chinese yuan hit its lowest in a decade, when it breached 7-per-dollar. 

The yuan had not fallen below that level since May 2008.

The People's Bank of China let the so-called on-shore yuan fall past the psychologically important threshold of 7.00 against the greenback in early Monday trading, citing in a statement "unilateralism and protectionism", as well as the expectation of additional tariffs from the United States, reported TheStreet's Martin Baccardax. 

President Trump then took to Twitter and said that the weakening yuan was "currency manipulation."

In the video above, Kenny Polcari, a Managing Principal at Butcher Joseph Asset Management, breaks down how investors should think about the yuan in the video above. 

Is the Weakening Yuan Actually Currency Manipulation?

U.S.-China Trade Talks: Buy Financials, Not Tech, Strategist Says

Why Are Stocks Sinking? What the Yuan, Trade, Treasuries Mean for the Markets

Catch Up: Today's Top News Videos Below

Related Videos