in response to the Chinese yuan falling to its lowest value in 10 years, an event President Trump called “currency manipulation.”
The Dow closed 750 points down, while the S&P 500 fell nearly 90 points. Before end of day, the Dow dropped over 950 points before making a slight recovery. China historically controls its currency, and it allowed the yuan to fall below a benchmark of 7 against the dollar on Monday., the yuan’s weakening signaled China’s desire to retaliate against Trump for increasing tariffs on its goods.
Source: Financial Digest (financialdigest.net)
diaryrektman bitcoin
Definitely old news. I was wondering, the markets have not fallen today...
Uhhhh
Old news? What's this all about?
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