The Trader 

Currency casualties and fighters

The Trader

Currency casualties and fighters

Bloomberg reports: "The US escalation of trade tensions won’t solve any of its problems but will create volatility in global markets and hurt the world economy, according to China’s top financial regulator. In a speech Guo Shuqing, head of China’s banking and insurance regulator delivered at a forum in Beijing on Saturday, warned [anyone] “shorting the yuan will inevitably suffer from a huge loss”, adding that it is rather “ridiculous” that developed countries have long asked for more currency flexibility, but when the yuan’s rate becomes more market oriented, some of them showed fear. Read: yuan weakness.

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