PBOC, Fed Join Forces to Hit the Brakes on Dollar Rally

The transcript discusses the efforts of policymakers to stabilize the currency, highlighting the reintroduction of a counter-cyclical factor to prevent further losses. Jay Powell's dovish message at Jackson Hole is seen as beneficial for the yuan, reducing downward pressure. The discussion also covers China's currency strategy in the context of trade tensions, with debates on whether it is used as a trade war tool or a goodwill gesture. The transcript concludes with the anticipation of new tariffs on Chinese goods.

In what ways could China's currency actions be perceived as a goodwill gesture?

What implications do the upcoming tariffs have on trade relations according to the text?