China Deploys Dollars to Defend Yuan
Tan Chung Han, Market Analyst, FXTM
00:05 - Han Tan, Market Analyst at FXTM discusses China's reason for offloading US Treasury Notes in a move to defend its currency. Tan also discusses Chinese policymakers' tolerance range in the RMB/USD cross-rate and whether there are related ASEAN currencies that might depreciate in tandem with the Yuan decline.
05:47 - The Morning Run crew then discuss the escalating trade war, where America and US President Donald Trump has signed an executive order that’s expected to restrict Huawei and fellow Chinese telecommunications company ZTE Corp from selling their equipment in the U.S.
Presented by: Lyn Mak, Sharidz Abdullah, Khoo Hsu Chuang