You are here
Dollar intervention risk rises as yuan's slide stokes currency war bets
By Ruth Carson and Masaki Kondo
Monday, August 5, 2019
The risk of U.S. intervention to rein in the dollar is rising as a tumbling Chinese yuan stokes speculation that a global currency war is getting underway.
Speculation is building that U.S. President Donald Trump may seek to weaken the dollar after China allowed the yuan to drop below the key level of 7 per greenback, strategists said. If the U.S. authorities do take action, this could sound the death knell of the strong-dollar policy that has been in place for more than two decades.
... Dispatch continues below ...
The Safest and Most Efficient Way to Own
Gold and Silver in the United Kingdom
GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given the growing risks in the United Kingdom and internationally, we have put together for clients who are tax-resident in the United Kingdom an exclusive gold and silver offer free of capital gains tax.
On all lump-sum and pension investments worth more than GBP 10,000 in gold and or silver (capital gains tax-free gold and silver Britannias and gold Sovereigns) stored in Zurich you will benefit from free secure storage for six months. We also will send you one British legal-tender silver bullion coin, a beautiful 1-ounce silver Britannia.
Please visit GoldCore here for more information about this offer:
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at firstname.lastname@example.org or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at:
"If Trump feels that the U.S. economy is going to get on the back foot on the back of this, then absolutely intervention is something that could creep up," said Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne. "If people genuinely believe that he's going to do it, they'll start selling the dollar." ...
... For the remainder of the report:
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: