The tweet was deleted by the author.
But we saved everything 🙂.
Robin Brooks highlights the heightened sensitivity of the Treasury market and global markets to the Chinese currency, the RMB. Brooks suggests that this sensitivity was exploited by China in April.
He underscores that the attention is less focused on the EUR/USD pair, indicating a strategic influence exerted by China's actions in the currency market.
Brooks's assessment of currency market dynamics comes amid broader concerns over fiscal stability and global capital flows. His observations build on prior warnings that policy maneuvers—such as Japan's controversial tax cuts—could elevate systemic risks, as detailed in his analysis of the country’s mounting debt burden and the potential threat of a debt crisis risk with tax cuts.