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Treasury Secretary Mnuchin: Trump tweet was 'warning shot' to China on currency

From cnbc.com

President Donald Trump wants to make sure China doesn't start manipulating its currency again, Treasury Secretary Steven Mnuchin said Tuesday. In a tweet Monday, the president accused Russia and China of "playing the currency devaluation game," even though a Treasury report said the countries were not manipulating. "It was a warning shot at China and Russia about devaluation. China has devalued their currency in the past," Mnuchin said in an interview on CNBC's "Squawk Box." "They've used a lot of their reserves to actually support the currency. The president wants to make sure they don't change their plans, and he's ... (full story)

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  • Category: Fundamental Analysis