Stock Markets Tumble After China Devalues Its Currency In Escalating Trade War NPRBernstein: China’s currency move shows, from the US side, to be an escalation in busines tensions CNBC TelevisionChina simply hurled its next punch in the trade struggle Fox BusinessWho has the upper hand in the U.S.-China trade war …
Read More »‘China doesn’t need to punish itself for other’s foolish trade policies’: Wall Street warns Beijing against weakening its currency
AP/Emily Wang The Chinese yuan has been sinking to fresh lows versus the dollar. The People’s Bank of China has tolerated the depreciation beyond its own stated exchange-rate policy. But analysts say yuan depreciation as a tool in a trade war would be too costly. Follow the Chinese yuan in …
Read More »