Mnuchin's currency charge vs. China leveled in least inflammatory way: analysts
The move by U.S. Treasury Secretary Steven Mnuchin to designate China as a currency manipulator was done in such a way as to limit the potential fallout, analysts said Tuesday.
He pointed out that the statement calls for working with the International Monetary Fund to eliminate any unfair competitive advantage gained by China, and the IMF is not likely to publicly heap blame on China, particularly as the country over recent months has been intervening to strengthen, not weaken, its currency. Treasury’s statement notably did not threaten other potential forms of sanction, Hirson noted.
Esty Dwek, head of global strategy at Natixis Investment Managers’ Dynamic Solutions unit, said Treasury’s move does raise the prospect of sanctions down the line.
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