Though China doesn’t meet the three official criteria, the Treasury Department could still accuse the Asian nation if it found that China was manipulating the yuan for trade purposes, Goldman notes. While not the bank’s base case, given that currency matters have played a “central role” in the U.S.-China trade standoff, a formal declaration isn’t unfathomable.
Donald Trump
Nikki Haley Resigns as US Aambassador to United Nations – Breaking News
United Nations Ambassador Nikki Haley will leave at the end of the year, the latest departure from President Donald Trump’s national security circle.
China and European Woes Weigh on Equities But Buy the Dollar
The markets are having a rough adjustment to the return of the Chinese markets are the week-long holiday. The cut in the required reserves failed to lift investor sentiment. The Shanghai and Shenzhen Composites fell almost 4%, and the yuan slid nearly 0.8%. It is an unusually large decline for the closely managed currency.
China: More retaliation on the way
With trade tensions with the US only set to increase, we expect the People’s Bank of China to allow the yuan to depreciate to 7.00 by the end of this year
Red Alert — Russia is About to Sell a US Ally Billions of Dollars in Weapons, and Trump May Have to Respond – Gold Silver Reports
India Prime Minister Narendra Modi will sit down with Russian President Vladimir Putin in New Delhi this week to sign billions of dollars worth of arms deals.
Saudi Arabia, Russia Agreed in September to Lift Oil Output, Told US – GSR
US President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high crude prices and called on it to boost output to bring down fuel costs before the US Congressional elections on 6 November.
NAFTA Is No More – New Trade Deal Breaks Trade Deadlock – GSR
Its trade we speak about yet again but this time it’s due to a trade deal rather than tariffs. Finally, over the weekend Canada and the US reached an agreement that will change the market outlook for the week.