Global markets tumble after Trump labels China ‘currency manipulator’ - follow live updates
Analysts are speculating that the next step in the increasingly bitter dispute between Beijing and Washington could be an intervention by the US president into the currency markets to weaken the dollar.Trump believes China has deliberately weakened the renminbi to make its exports cheaper; of course the other side of that coin, from a US perspective, is the strength of the dollar making American exports pricier.
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