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Manipulation Tested in Treasury ReportWhile the U.S. hasn't designated China as a manipulator since 1994, Wall Street is bracing for the prospect that the Treasury Department will do so this week in its semi-annual foreign-exchange report. Such a move wouldn't trigger penalties If the Treasury names China a manipulator, it's purely political
in final monthsA second major factor is the escalating trade war between the major economies, with several leaning towards devaluing their local in order to minimise damage. In this context, the economy will be adversely affected due to exchange ...
exchange rate won't go haywire this year: expertsNgo Dang Khoa, country head of global markets, HSBC , said that the USD/VND exchange rate has been stable compared to other countries in the region. The dong has only fallen by 2.6 percent since the beginning of the year, while other ...
and China expand RMB cooperationHowever, reliance on China is not only because of the considerable size of the Chinese market, but may also be because China's renminbi is one of the global reserve . For this reason, has made a proposal that it is more
Ride Out Fed Hike, Trade-Row ...Emerging-market rounded off a winning month, defying the prospect of further rate hikes by the Federal Reserve, as more developing-nation central banks deployed tighter monetary policies to backstop local markets. ... three years; China Emerging markets: ride out Fed hike, trade-row escalation