China is worse off than most think China may find it hard to defend a peg to the yuan Talk of China selling Treasuries to hurt the US is nonsense China needs reserves to stop capital flight China has significant US dollar liabilities for which it needs reserves The Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets. To answer the lead question: “Under What Circumstances Might the US Dollar and the Yuan Both Crash?” the answer is current conditions, with ramifications noted above.
Author: Editor
Published at: 2025-05-18 22:00:00
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