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U.S. Treasury Secretary Declares “No Rush” on Currency Manipulator Label

February 27, 2017

Last week’s unseasonably warm weather seems to have defrosted sentiments toward China. Several items heralded the shift to a sunnier outlook, including:

  1. Treasury Secretary Mnuchin’s decision to wait until April to evaluate the “currency manipulator” label
  2. A reformist chosen as one of Xi’s key financial regulators
  3. 11% growth in commercial airline passenger numbers during the Chinese New Year holiday

Topics covered: “Currency Manipulator” label, Wealth Management Products, Regulatory Reform, Commercial Airline Traffic, Chinese New Year

 

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The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.