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Mr. Crowd News |  Market
Trump: China is not a currency manipulator By Mr. Crowd 12 Apr 201721:47 | ||||||||||
Backing away from the promise he had made during the US election, President Donald Trump said he won’t label China a currency manipulator, though he think the U.S. dollar “is getting too strong”. Trump told the Wall Street Journal on Wednesday.
China has been accused of suppressing the yuan to make its exports more competitive with US goods. During the US election, Donald Trump promised to label China a currency manipulator on 'Day One' of his Administration. When asking Fed Chair Janet Yellen, according to the Journal, he was undecided to bring Yellen back as Fed Chair after her term expires in 2018. "I like her, I respect her," Trump said. "It's very early." "I do like a low-interest rate policy, I must be honest with you," the president added. U.S. 10-year bond yields and the dollar fell after the report of Trump's interview. Disclaimer: Market news (the Market News) is not intended as investment advice and must not be relied on as such. To the maximum extent permissible by applicable law, Mr. Crowd assumes no liability or responsibility whatsoever for any errors or omissions in the Market News. Mr. Crowd does not endorse or represent the reliability or accuracy of the Market News. Mr. Crowd shall not be liable for any investment decisions made based upon the Market News. The Market News may contain hyperlinks to external websites or web pages for which Mr. Crowd is not responsible. Copyright exists in the Market News may belong to Mr. Crowd, to the authors, or to any other parties depending on the circumstances. Reproduction, distribution, use and/or linking without consent from the relevant parties is not permitted. If you believe or are aware that any information contained in the materials is inaccurate, erroneous, unlawful, obscene, defamatory or infringes any intellectual property rights of a third party, please contact Mr. Crowd by email at: cs@mrcrowd.com. |
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