PBoC: China Does Not Manipulate Currency | Crypto Craft

  • PBoC: China Does Not Manipulate Currency

Added at 2:15am

Added at 2:15am

Added at 2:15am

Added at 2:15am

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TudorIoan
Aug 6, 2019 2:47am
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Quoting Goat
Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.
Come ooon, the real news were the LTC halving and the new round of tariffs war started by Trump and China retaliation. But all that already happened days ago. They were priced in anyway. Not big deal.

Still, I don't see why any sane, real, serious investor would prefer crypto to JPY or Gold?

The current rise must be some crypto plant groups manipulation, covered by this political shit!
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TudorIoan
Aug 6, 2019 3:11am
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Quoting Goat
Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.
Oh, oooh, sorry, that news was selected by the FF for the Crypto Craft section as well.
Definitely a hint for the crypto domain.
I didn't realise it was also on Forex Factory here !
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WhiteMouseFX
Aug 6, 2019 2:27am
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Of course China doesn't manipulate the currency.

China only does some necessary fine adjustments to the currency, here and there, as much as necessary to fit government and bankers best interests according to the market. 👌😊😂🤣
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Goat
Aug 6, 2019 2:26am
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Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.
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Rakeem
Aug 6, 2019 2:33am
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I think expectations for manipulation from FED is rising!
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TudorIoan
Aug 6, 2019 2:25am
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Is that subliminal message supposed to encourage bitcoin bulls?
Ok, everybody knows that China is playing dirty, no matter what PBoC says.
But nobody is that crazy to invest big in such a risky volatile asset like bitcoin!
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ekan
Aug 6, 2019 5:54am
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Quoting smctrader
China pegs to dollar = "China is a currency manipulator" China allows currency to free float = "China is a currency manipulator"
RMB is not free floating, it has never been. The hard peg was simply replaced with a soft peg where there is a band of +/-2% deviation from the fixing rate. And the peg now is not solely on the dollar, but on a trade-weighed basket of currencies of the main trading partners of PRC.
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smctrader
Aug 6, 2019 4:14am
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China pegs to dollar = "China is a currency manipulator"
China allows currency to free float = "China is a currency manipulator"
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mindscream
Aug 6, 2019 3:06am
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All I know is USD/CNY was 6.33 at the beginning of the trade war and it's now at 7.
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TudorIoan
Aug 6, 2019 2:56am
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Quoting Rakeem
I think expectations for manipulation from FED is rising!
Don't confuse monetary policy with manipulation! It's emabrassing for you!
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UnBearybull
Aug 6, 2019 5:44am
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Quoting Goat
Why did crypto markets move on this news? Didn't realize crypto was reacting to this trade war stuff.
Crypto "marketcap" rises over $46BN over the last 10 days. Lets see if this mystery money stays in crypto after this latest China spat blows over?
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Rakeem
Aug 6, 2019 3:21am — Edited
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Quoting TudorIoan
{quote} Don't confuse monetary policy with manipulation! It's emabrassing for you!
I dont confuse it, they already have discussed it
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Trader#4ADB
Aug 6, 2019 3:10am
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Wasn't CNY weakening the consequential effect of putting tariffs on them?
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Trader#B251
Aug 6, 2019 7:47am
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Quoting Rakeem
{quote} I dont confuse it, they already have discussed it
That's not manipulaton. That's monetary policy.
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