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Views Article – Sharenet Wealth

Forex, News

Trump says China’s currency move is ‘a major violation’

WASHINGTON, Aug 5 (Reuters) – U.S. President Donald Trump slammed China’s currency move on Monday as Beijing let the yuan breach the key seven-per-dollar level for the first time in more than a decade, calling it “a major violation.”

“China dropped the price of their currency to an almost a historic low. It’s called ‘currency manipulation.’ Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!” Trump tweeted. (Reporting by Susan Heavey; Editing by Steve Orlofsky)


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