An opinion piece carried by the South China Morning Post (SCMP) on Thursday, argues against China being a currency manipulator while suggesting that it’s the US that manipulates the greenback. Key Quotes: “Through quantitative easing, US Federal Reserve Board policymakers have been engaging in “competitive devaluation” of the US dollar. Encouraged capital to seek higher yields. American capital was free to go anywhere, it drove up the exchange rate of every other currency in the world, driving Japan and the Eurozone to launch their own “competitive” quantitative-easing schemes to counter the devaluation of the US dollar. This is currency manipulation par excellence.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S. Korea central bank (BOK): Japan’s export curbs could be more damaging to local economy than tariff hikes FX Street 4 years An opinion piece carried by the South China Morning Post (SCMP) on Thursday, argues against China being a currency manipulator while suggesting that it's the US that manipulates the greenback. Key Quotes: "Through quantitative easing, US Federal Reserve Board policymakers have been engaging in "competitive devaluation" of the US dollar. Encouraged capital to seek higher yields. American capital was free to go anywhere, it drove up the exchange rate of every other currency in the world, driving Japan and the Eurozone to launch their own "competitive" quantitative-easing schemes to counter the devaluation of the US dollar. This is currency… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
