Threats of currency war & SASBO strike

China fired a warning shot as it weakened its currency against the US Dollar. The Yuan fell by 6% on Monday, not enough to make up for the Trade Tariffs that were imposed the week before, but certainly a warning. Trump reacted badly, asking the Fed to review currency manipulation. SASBO, the SA banking union, is threatening to strike over job losses on the sector. They have 73k employees registered with the union, threatening to bring SA banking system to a halt.