US Treasury secretary Bessent: I don’t want others to manipulate their currencies

• US has a strong dollar policy
• But don’t want others to manipulate their currencies
• China’s yuan is hard to value
• But on any academic model, the yuan is cheap
• Aims to tell China to rebalance their economy
• Will have first call with China counterpart tomorrow
• Revaluing gold reserves is not what I had in mind
• Haven’t seen Europe cut auto tariffs yet

This article was written by Justin Low at www.forexlive.com.