U.S. Treasury Folds? Softens Stance On Yuan From “Significantly Undervalued” To “Below Appropriate” Valuation

We presume the ‘threat’ of selling hundreds of billions of dollars of US Treasuries has prompted a softening in the “Currency manipulator” rhetoric from The US Treasuy department. Having previously said the Yuan is “significantly undervalued,” today’s report shifts the comment to stating that the Yuan is “below appropriate medium-term valuation.” Of course, The US Treasury would know exactly how all of the world’s currencies should trade in this centrally-planned world.

From “significantly undervalued”… then this happens…

 

and this…

 

 

And China meets with Obama and hey presto… Yuan is merely “below appropriate levels”

As Bloomberg reports,

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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