Business China’s Currency Weakens in a Potential Challenge to Trump 10:00pm, 4th August, 2019 The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon.
Business How China’s Currency Could Help It Weather a Trade War, at a Cost 5:22am, 24th July, 2018 The value of China’s renminbi has fallen over 7 percent since April. While weakening currencies can soften economic blows, they also come with risks.
Business Trump’s Trade Threats Hit China’s Stock Market and Currency China’s stock market has fallen into a bear market and the currency is tumbling on worries about tariffs and China’s efforts to rein in domestic debt.
Business Turkey’s Currency Plunges, Potentially Threatening Erdogan’s Re-Election Bid 4:15pm, 23rd May, 2018 The president called early elections hoping to get out ahead of economic troubles, but the lira’s dive caught up with him before the June vote.