News:The US has removed China as a currency manipulator as the two countries are preparing to sign a trade deal. Facts: About Currency manipulator: Currency manipulation happens when governments try to artificially tweak the exchange rate to gain an unfair advantage in trade. US defines currency manipulation as when countries deliberately influence the exchange rate… Continue reading US removes designation of China as currency manipulator
Tag: CURRENCY MANIPULATOR
US says China manipulates yuan. What does that mean, how is it done?
The US Treasury Department has declared China as a currency manipulator.This move comes after China allowed the yuan to suddenly depreciate or lose value relative to the dollar. In retaliation,the US has also announced that it would approach the International Monetary Fund(IMF) to eliminate the unfair competitive advantage created by China’s latest actions. Foreign Exchange… Continue reading US says China manipulates yuan. What does that mean, how is it done?
United States designates China a “currency manipulator”
The US has officially designated China as a currency manipulator.This decision was taken after China’s central bank allowed the yuan to weaken in retaliation for new US tariffs. A weaker yuan makes Chinese exports more competitive or cheaper to buy with foreign currencies. The US Treasury department defines currency manipulation as when countries deliberately influence… Continue reading United States designates China a “currency manipulator”
