“I think it is a good move for Trump to get the ‘manipulation’ claim in motion. China may make huge interferences soon.”
The designation may have been (probably was) more to prevent such bigger future actions by China, than to address the recent move past 7 to the dollar.
Lets them know we are watching like hawks.
I think they actually don’t have the wherewithal to support the Yuan so much (despite their claims).
But if this fits the technical description of
‘manipulation’... good!