The Chinese yuan slumped to its lowest level since early 2019 after President Donald Trump accused China of breaking the trade deal, escalating the conflict between the two countries.
The rally in the yen came as U.S. equities tumbled in Thursday trade. The Dow Jones Industrial Average DJIA, -1.55% fell more than 400 points, or 1.6%, while S&P 500 SPX, -1.26% was down 1.5%. The pound GBPUSD, +0.1076% was trading at $1.3017 compared with $1.3007, while the euro EURUSD, +0.3842% rose to $1.1247, compared with $1.1193.
Just because the Chinese CURRENCY MANIPULATORS MANIPULATED their currency to COUNTER US TARIFFS, NO ONE is rushing to buy any Chinese GARBAGE. Xi JinPing, the DOPE, can SQUAT inside those EMPTY SHIPPING CONTAINERS with his COMMIE buddies and smoke all the Chunghwa they can find.
this, will make chinese products more attactive
How is this bad for China? We are forcing a devaluation of their currancy which makes everything we buy cheaper. That's why the trade deficit with China keeps rising. That twit POTUS skipped too many classes at Wharton assuming he attended any at all CHINA
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