This week on “Money talks”: Donald Trump accuses China of being a “currency manipulator”, how yield curves help predict growth and recession and life in a city without Uber
after the Chinese currency “po qi” or “cracked 7” against the US dollar— a psychologically significant value—for the first time in over a decade. How will this escalation of the US-China trade war affect global markets? Also, how useful are.
after the Chinese currency “po qi” or “cracked 7” against the US dollar— a psychologically significant value—for the first time in over a decade. How will this escalation of the US-China trade war affect global markets? Also, how useful areUnited States Latest News, United States Headlines
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Fear a Weak Yuan, but No Repeat of the Last China CrisisIt’s rare that anything labeled as a psychologically important level in markets actually matters. But seven yuan to the dollar—breached on Monday—really does.
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Trump Says Weaker Chinese Yuan Is ‘Called Currency Manipulation’(Bloomberg) -- President Donald Trump said the latest decline in the yuan is “called ‘currency manipulation”’ and indicated he’d like the Federal Reserve to act to counter the Chinese action.“China dropped the price of their currency to an almost a historic low,” Trump tweeted Monday. “It’s called ‘currency
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