Currency Pact Was Always Part of What China Willing to Offer, Says Macquarie Group’s Le

The transcript discusses the potential for a US-China currency deal, focusing on the renminbi's movement and the implications of trade talks. It highlights China's willingness to offer a currency pact similar to the USMCA template, while maintaining some policy autonomy. The discussion also covers the potential depreciation of the yuan due to weak global growth and upcoming GDP figures, with a focus on the APEC meeting as a possible turning point.

What factors are influencing the US and China negotiations regarding currency?

How does the speaker view the potential for a currency pact between the US and China?

What is the significance of the October trade talks mentioned in the text?

What are the implications of the USMC A agreement for US-China relations?

What does the speaker predict about the yuan's value in the near term?