Yuan Will Grind Lower, go Past 7 Per Dollar, Says Ellerston Capital's Gillespie

The transcript discusses the market's expectations regarding the Chinese currency and the potential impact of President Trump's tweets on the G20 meeting outcomes. Initially, the probability of an agreement at the G20 was low, but Trump's tweets increased optimism. The Chinese currency faces pressure to weaken, but interventions by the State Bank aim to stabilize it. The potential delay of tariff increases could positively affect the market, but the fundamental economic differences between China and the US suggest continued pressure on the Chinese currency.

What factor has increased the probability of an agreement at the G20 according to the analysts?

• A new economic policy

• Tweets from President Trump

• A shift in market trends

• A change in interest rates

What measures have authorities taken to stabilize the currency?

• Increasing interest rates

• Implementing countercyclical measures

• Reducing government spending

• Encouraging foreign investments

What is considered a 'circuit breaker' in the context of the G20 meeting?

• A delay in tariff increases

• A new trade agreement

• An economic stimulus package

• A change in leadership

How might the market react if there is a delay in the January tariff increase?

• There will be no significant change

• The currency will weaken further

• The Chinese stock market will outperform

• The US stock market will outperform

What is the fundamental driver affecting the Chinese economy compared to the US?

• A stronger Chinese economy

• A slowing Chinese economy

• Equal economic growth

• A stronger US economy