Nordea says China is unlikely to devalue the yuan or dump Treasuries in trade response - ConsultFX

Nordea says China is unlikely to devalue the yuan or dump Treasuries in trade response

Commentary by Nordea's chief Asia analyst, Amy Yuan Zhang Zhuang says that the firm maintains their view that neither a yuan devaluation nor dumping of US Treasuries is a valid weapon against US tariffs as they are both associated with certain costs and do not present any clear benefits to China.