Fears about the China / US Trade War linger and global central banks continue to lower interest rates and devalue their currencies in an effort to keep the economic expansion going and forestall a recession. Indeed, devaluing currency has become a powerful tool for China, sending shock waves through the US stock market recently when the Chinese yuan was pegged at just below 7 to the dollar, the lowest it has been in a decade (see chart below). This makes Chinese goods cheaper and helps neutralize the effects of tariffs that have been added by the US government to Chinese imports (with more scheduled to come), and thereby helping ensure no quick resolution to the trade war.