Yuan Won’t Be Overtly Used as a Weapon in Trade Talks, Says SocGen’s Daw

The transcript discusses the recent slump in currency and market adjustments following a Trump tweet. It explores market expectations and potential trade deal outcomes, including the possibility of a no-deal scenario. The discussion compares current currency pressure with the situation in 2018, highlighting factors like Fed interest rates and monetary policy. The transcript also examines the potential use of currency as a tool in the trade war, considering impacts on US-China talks and global supply chains.

What factors contributed to the market's readjustment in expectations regarding the Chinese currency?

What are the potential impacts of the trade war on global growth according to the text?

How did the Fed's interest rate policies in 2018 affect the Chinese currency?

What is the significance of the seven level in relation to the Chinese currency?

In what ways might the People's Bank of China (PBOC) respond to the current economic situation?