Trump trade adviser Navarro warns on FX manipulation

Reuters info, quoting Peter Navarro, Trump's incoming senior counselor for trade and manufacturing:

• "I don't believe the Trump Treasury Department would welcome Chinese currency manipulation very fondly. The history of China as a currency manipulator is well-known."

I posted on the reports China is mulling sending the yuan lower earlier this week:

• If China aggressively intervenes in the yuan, it "raises the risk of a tariff cascade"

Reuters reported a number of analysts canvassing the possibility. The Reuters report is gated.

Weekly CNY chart - check out the free charting app on ForexLive and you can adjust the time scale to see an even bigger picture.