"We shouldn’t forget that what they are calling “currency manipulation” today was the law of the land between WWII and the early 1970s. The Bretton Woods system was a system of currency manipulation (i.e. currency fixing or pegging) and movements away from its rules were considered breaking the rules."
MP: The chart above shows that the value of the Hong Kong dollar has been fixed at a fixed exchange rate of 7.8 Hong Kong dollars to the U.S. dollar for the last 25 years, while the Chinese Yuan has fluctuated from between 3 yuan and 9 yuan to the U.S. dollar over the last 25 years. Why are there never any claims that Hong Kong is a "currency manipulator"?