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US Treasury Department appoints central currency manipulation ... "Currency value depreciation long history"

2019-08-05T23:18:57.777Z

The US Treasury Department has designated China as the currency manipulator. US Treasury Secretary Stephen Moussaint said in a statement that "Trump President's decision has determined that China is a currency manipulator."


The US Treasury Department has designated China as the currency manipulator.

US Treasury Secretary Stephen Moussaint said in a statement that "Trump President's decision has determined that China is a currency manipulator."

"We will be involved with the International Monetary Fund and the IMF to eliminate unfair competition in China," he said.

"There has been a long history in which China has facilitated the devaluation of the currency through sustained and large-scale intervention in the foreign exchange market," said Mansushin. Said.

The US government seems to be reacting to the broken wall of "7 yuan per dollar", which is considered to be the psychological marginal line in the market.

President Trump said on Twitter that "China has reduced its currency value to almost the lowest level in history," he said, "manipulating the exchange rate."

Trump said China's manipulation of the exchange rate is a serious violation of China's weakness over time.

The US and China are likely to see a small wave of global economic and financial markets as trade wars spread to the currency wars.

Source: sbskr

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