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US President Donald Trump yesterday accused the EU and China of manipulating the currency and attacking the US Federal Reserve, saying the rising rates were hurting the economy
"China, the European Union and other countries handle the" As usual, it's unfair. "
Trump said that" the United States should not to be punished because his conditions are very good. "" Raising interest rates is hurting everything we've accomplished up to here. "Trump yesterday condemned the dollar's appreciation of rates of interest. Interest and trade disputes.
Trump wrote: "Look at the euro, it's falling and China's currency has fallen completely.
Trump criticized the Fed's monetary policy stating that it was increasing the value of the dollar, hurting US exporters, especially the yuan, which is falling sharply.
The Chinese currency has fallen to its lowest level in a year, in the ranks of exporters, although it may fuel the anger of Donald Trump in the Sino-US trade war.
Since April, the Chinese currency has lost 10% of its value against the dollar, preferring Chinese products to US markets. Washington has only 7% tariffs Products imported from China each year
The devaluation of the RMB offers "substantial compensation to Chinese exporters for their competitive losses related to the lifting of US duties," said the company. Economist Rijev Biswas of IHSMarket
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