If the Biden admin moves the needle first in the flared-up trade conflict, China may decide to let go of the USD/CNY exchange rate in response. Things are heating up again!
![Something for your Espresso: Things are heating up in USDCNY (again)!](https://stenoresearch.com/wp-content/uploads/2023/01/Something-for-your-espresso-1080x675.png)
If the Biden admin moves the needle first in the flared-up trade conflict, China may decide to let go of the USD/CNY exchange rate in response. Things are heating up again!