Trade War Reignites Over China Currency

China branded "currency manipulator" by US for letting its currency fall to a 10-year low against the dollar, spooking world markets

James Gard 6 August, 2019 | 11:12AM

Currencies

World stock markets have plunged after a fall in the Chinese currency reignited the trade war between the US and Beijing and sparked concerns over the global economy.

President Trump has labelled China a “currency manipulator” for allowing the yuan to sink below 7 against the dollar, a decade low, raising the prospect of a currency war between the two nations.

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James Gard  is content editor for Morningstar.co.uk

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