Trump Accuses Russia and China of Currency Devaluation in Tweet

Trump Accuses Russia and China of Currency Devaluation in Tweet

Investing.com  | Apr 16, 2018 08:46AM ET

Trump accuses Russia and China of currency devaluation in Tweet

Investing.com - U.S. President Donald Trump accused Russian and China of devaluing their currencies while the United States raises interest rates on Twitter on Monday.

The tweet comes after the U.S. Treasury Department published its semi-annual report on currencies on Friday and declined to name China as a currency manipulator.

The U.S. dollar has fallen around 10% against the Chinese yuan in the past 16 months and is trading near the lowest since mid-2015.

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Jan Buyle
Jan Buyle

The only currency manipulator is Mr Trump himself. That is his goal with tweets like this. The message can not be misunderstood; he wants a cheaper dollar!  ... (Read More)

Apr 16, 2018 10:31PM GMT· Reply
Jeffrey Nowakowski
Jeffrey Nowakowski

The Chinese Renminbi it the definition of an artificially devalued currency. It may have fallen a little over the last year in order to appease critics but their is no market it influence on the Renminbi exchange rate. It is set by the PBOC in order to make Chinese exports more affordable.  ... (Read More)

Apr 16, 2018 01:32PM GMT· Reply
Muhammad Waqas
Muhammad Waqas

What a joke...   ... (Read More)

Apr 16, 2018 01:14PM GMT· Reply
Sonny Paine
Sonny Paine

The answer to why the dollar is weak is in the mirror, Mr President.  ... (Read More)

Apr 16, 2018 01:07PM GMT· Reply
Kavin Kumar
Kavin Kumar

Lol you just can’t let people do their thing without having a say in it lol  ... (Read More)

Apr 16, 2018 12:51PM GMT· Reply
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