SAN FRANCISCO, Aug 5 (Reuters) – S&P 500 futures dropped
1.2% late on Monday after the U.S. Treasury Department labeled
China as a currency manipulator.
The U.S. government has determined that China is
manipulating its yuan currency, and will engage with the
International Monetary Fund to eliminate unfair competition from
Beijing, U.S. Treasury Secretary Steven Mnuchin said in a
(Reporting by Noel Randewich, editing by G Crosse)
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