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NOTHING IS PERMANENT EXCEPT CHANGE

China has its currency to use as a weapon in trade war with Trump

  • China's currency fell to a near 11-month low after the Trump administration's announcement of a new round of tariffs on $200 billion in goods.
  • Strategists said China has not intentionally driven down the yuan, but it is not taking actions it often takes to stabilize it.
  • The currency has lost 4 percent since mid-June, and a cheaper currency could be used as a weapon in the trade war by cheapening Chinese goods.

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