Mnuchin Tries to Ease Fears of a Currency War

The video discusses the dynamics of China's currency, emphasizing that its exchange rate is market-determined but influenced by political factors. It highlights G20 discussions on central bank independence and trade concerns. The potential for China to manipulate its currency is explored, noting the closed capital account. The impact of trade war rhetoric, particularly from Mnuchin and the President's tweets, on market reactions is analyzed.

What challenges does the speaker mention regarding understanding the Chinese currency?

How does the speaker feel about the market's reaction to the trade war rhetoric?