Found 4 article(s) for author 'currency manipulation'

The currency manipulation game is afoot – but that’s better than a trade war

The currency manipulation game is afoot – but that’s better than a trade war. Jeffrey Frankel, August 13, 2019, Opinion, “The trade war between the United States and China is heating up again, with U.S. President Donald Trump abruptly announcing plans to impose a 10-per-cent tariff on the US$300-billion worth of imports from China that he had so far left untouched. The Chinese authorities then allowed their currency, the renminbi, to fall below the symbolic threshold of seven yuan for every U.S. dollar. The Trump administration promptly responded by naming China a “currency manipulator” – the first time the U.S. had done that to any country in 25 years. Pundits declared a currency war, and investors immediately sent global stock markets lower.Link

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The Currency Manipulation Game

The Currency Manipulation Game. Jeffrey Frankel, August 9, 2019, Opinion, “The United States government’s assertion that the recent depreciation of the renminbi amounts to currency manipulation is not true. It would be more correct to say that the Chinese authorities gave in to market pressure – the immediate source of which was US President Donald Trump’s announcement of new tariffs on Chinese goods.Link

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