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U.S. likely to let China skate on currency - Schwarzman

Published 04/11/2017, 03:43 PM
© Reuters.  U.S. likely to let China skate on currency - Schwarzman
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  • "I doubt that would happen," says Blackstone (NYSE:BX)'s Steven Schwarzman - a top outside adviser to the president - asked whether China would be designated a currency manipulator in the Treasury's next forex report (expected to be released this month).
  • Should China be spared, it would be another sign that a lot of tough trade talk by candidate Trump - including a promise to label China a currency manipulator on Jan. 20 - was just talk. Now it's Senate Minority Leader Chuck Schumer who's leading the charge to label China as such.
  • The last Treasury report in October noted China was actually spending money trying to strengthen, or at least prop up the yuan.
  • ETFs: FXI, YINN, FXP, YANG, PGJ, GXC, MCHI, CHN, TDF, XPP, YXI, YAO, CN, FCA, GCH, CXSE, JFC


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