Tension between the world’s largest economies ratcheted higher, adding to concerns about the global economy. Source: NYT > Business – The New York Times
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
China Hints at Weaponizing Its Currency, Rattling Markets
Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system. Source: NYT > Business – Alexandra Stevenson
China’s Currency Weakens in a Potential Challenge to Trump
The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon. Source: NYT > Business – Alexandra Stevenson
Currency Provisions in U.S.-China Trade Pact May Not Be New
The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016. Source: NYT > Business – KEITH BRADSHER