The Trump administration’s unexpected move to designate China as a currency manipulator has raised the risk of direct U.S. intervention in the foreign-exchange market, analysts agree. What’s less clear is how to drive up the yuan itself. President Donald Trump’s team has a record of surprises on executive action, so it would be risky to rule out any option. But foreign-exchange experts highlight the difficulty of a surgical operation targeted at China’s currency. The yuan isn’t as easily tradeable as the currencies of developed nations, one reason why foreign ownership of China’s bond market -- the world’s second ... (full story)