Trade conflict risks igniting currency war

“Every now and then, August belies its reputation as a sleepy month,” says Larry Elliott in The Guardian. Last week, China’s currency (the yuan, or renminbi) fell to an 11-year low against the US dollar, tumbling through the level of seven-to-the-dollar, previously regarded as a “line in the sand”. That prompted US authorities to brand the country a “currency manipulator” for the first time since 1994.

There is now talk of a “currency war”, says Jill Treanor on BBC...
source: Money Week

2019-08-16 10:38
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