Trump says he won’t devalue dollar amid trade war with China

Bloomberg/Josh Wingrene/8-9-2019

graphic image of dollar and yuan notes“Speculation has been building among strategists that U.S. may intervene to forcibly weaken the dollar. The risk of U.S. action rose further in the eyes of some analysts this week after the yuan plunged to a decade-low and the Trump administration formally named China a currency manipulator.”

USAGOLD note:  I think that the president probably meant what he said on Friday, but that doesn’t mean he wouldn’t change his mind at the drop of a yuan.

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