The US Treasury Department has designated China as a currency manipulator.
This is a follow-up to President Trump's yesterday (May 5) that he was blamed for manipulating the exchange rate against China's plunge in the yuan.
As a result, the US-China trade war is likely to spread to all-out war including the exchange rate.
US Treasury Department appoints central currency manipulation ... Trade war flare
2019-08-05T23:07:27.226Z
The US Treasury Department has designated China as a currency manipulator. This is followed by President Trump yesterday blaming China for the plunge in the value of the yuan against exchange rate manipulation. As a result, the US-China trade war is likely to spread to all-out war including the exchange rate.
Source: sbskr