A New Currency Undervalued/manipulation Law is set to take effect and could force countries to change the value of their currencies.
On April 6th 2020 this new law takes effect and could very well lead to the revaluation and the raising of value of many currencies.
I always thought there was a basket of currencies that could all go at once.
At some point a country whose currency is “under value” will have to make a decision to pay the tariffs or raise the value of their currency.
Some country’s currencies currently classified as “Under value” “Over value” or manipulating their currency are Iraq , Vietnam, Thailand, China, Brazil, Argentina, Japan, Malasia, Korea, Germany, Italy, Ireland, Singapore, Mexico and Switzerland.
President Trump wants a “level playing field”
Some of President Trump’s new Trade deals with China, Japan, USMCA ect do contain provisions for currencies.
It will be interesting to see what happens when this law goes into effect on April 6th, 2020