For over a month, political and economic tensions have been troubling the small middle-eastern nation. As turbulent exchange rates wreak havoc on the country’s economy, many are asking: what’s next?
A trade war is unlikely to turn into a currency war, and the yuan’s exchange rate against the dollar should stabilize and be slightly lower than it was before the trade war. However, this situation is not what the United States wants to see, and how it will develop still needs to be observed to further respond to the depreciation of the RMB.
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