Tag Archives: dollar

The trade war between Washington and Beijing took an unexpected turn this week as China let its currency drop sharply and the United States responded by officially designating the country a currency manipulator. The confrontation underscored the Trump administration’s focus on weakness in foreign currencies — and the corresponding strength …

The trade war between Washington and Beijing took an unexpected turn this week as China let its currency drop sharply and the United States responded by officially designating the country a currency manipulator. The confrontation underscored the Trump administration’s focus on weakness in foreign currencies — and the corresponding strength …

The pound fell to a 31-month low against the dollar on Thursday and dropped a quarter of a cent against the euro. Sterling sank 0.6 per cent against the dollar to below $1.21 after the US currency strengthened on the back of comments made by America’s central bank chief. Jerome Powell, …

Donald Trump gave mixed signals this week as to whether he would intervene and try to weaken the US dollar, telling aides Tuesday he had ruled out the idea but telling reporters on Friday he was still open to it. On Tuesday, Mr Trump rejected a recommendation from senior adviser Peter …