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Trump Accuses Russia and China of Currency Devaluation in Tweet

Published 04/16/2018, 08:46 AM
Updated 04/16/2018, 08:46 AM
© Reuters.  Trump accuses Russia and China of currency devaluation in Tweet

© Reuters. 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.

Latest comments

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!
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.
What a joke...
The answer to why the dollar is weak is in the mirror, Mr President.
Lol you just can’t let people do their thing without having a say in it lol
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