Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

Trump attacks China and accuses China of manipulating yuan DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Trump attacks China and accuses China of manipulating yuan

Post new topic   Reply to topic

Go down

Trump attacks China and accuses China of manipulating yuan Empty Trump attacks China and accuses China of manipulating yuan

Post by RamblerNash on Mon Aug 05, 2019 11:14 pm

Trump attacks China and accuses China of manipulating yuan

Trump attacks China and accuses China of manipulating yuan Doc-P-314113-637006102752301413

2019-08-05 9:56

US President Donald Trump condemned Monday's action by China on its currency as Beijing allowed the yuan to retreat to a record low against the dollar, calling it a "major breach".

" China has cut its currency to almost a historic low, " Trump wrote in a tweet on Twitter, " this is called currency manipulation." Do you hear me, the Federal Reserve? This is a big violation that will greatly weaken China over time!

China has rejected accusations of manipulating its currency, and People's Bank of China Governor Ye Gang said Beijing would not use its currency as a tool to deal with external turmoil such as trade disputes.

He added that the yuan exchange rate at an appropriate level currently corresponds to the basic economic factors and supply and demand in the market.

The Chinese currency fell today to 7.1137 yuan to the dollar, and came days after Trump announced that it would impose more tariffs on Chinese goods.

LINK
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 17737
Join date : 2015-02-19

Back to top Go down

Back to top


 
Permissions in this forum:
You can reply to topics in this forum