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dot com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics, finance, investment, and international

relations.

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com today for the first time since the

currency began tumbling in June. Joining me to discuss I'm pleased to say is Joseph Quinlan Bank of America

head of market strategy for US Trust and he joins us here in New York.

Joseph, good morning to you, your thoughts and what is happening with the Chinese currency?

Well I think there's some weakness there, Jonathan, in the sense that the central banks try to buffer

growth, we saw 6.7% print for a second quarter, but I don't think there's going to be too

dramatic a decline in the currency because remember Chinese exports as a

percentage GDP aren't as large as it used to be. China's more consumption-led

growth. So I think maybe it's a signal to the US administration that there's ways to play the trade game and this might be one of them

But I'm looking for any serious breakdown of the FX market with China

I was just um corresponding with Bob Sinch of Amherst Pierpont who pointed out that perhaps this move in DOLUAN is much

stronger than justified by general dollar strength more broadly. Is that something

you would agree with? And so is's suggesting that it's more about China weakness?

Yeah.

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