currency manipulator Current Affairs, GK & News
US Treasury report: India placed on currency watch list
The United States recently released its report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. The report reviewed currency practices of the biggest trading partners of the US. About the report The three main criteria used by the report to review the trading partners of US are as follows: ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs • Reports & Indexes Current Affairs
Topics: currency manipulator • Foreign exchange • India-US • Taiwan • trade surplus • US Treasury • US-China
Currency Manipulator
The United States has again included India in its monitoring list of countries. These countries are with potential of “Currency Manipulation” and “Questionable Foreign Exchange Policies”. What is Currency Manipulator? The US Government names a country as currency manipulator if it believes that the country is engaging in unfair trade practices. According to the US, ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: Currency • Currency Manipulation • currency manipulator • Foreign exchange • India-US • trade surplus
US labels China a Currency Manipulator
The US has declared that China as a currency manipulator. The move could further fuel the ongoing trade war between the two countries. The US has alleged that China’s Central Bank is pushing for depreciation of Yuan as retaliation for new US tariffs. Why China is called Currency Manipulator? It has been alleged that People’s ..
Topics: Currency • Currency intervention • currency manipulator • Currency war • Economy • Exchange rate • Foreign exchange market • International macroeconomics • Monetary hegemony • Money • Trade wars • US-China Trade War • Yuan
United States designates China a ‘Currency Manipulator’
United States has designated China a “currency manipulator”, after country’s central bank allowed Yuan (Chinese Currency) to fall against dollar. This move could escalate tense trade relations between two nations. Key Highlights Background During US Presidential elections in 2016, US President Donald Trump had promised to label China as a currency manipulator, but it was ..
Month: Current Affairs - August, 2019
Topics: currency manipulator • International Monetary Fund • US President Donald Trump • US Treasury Department • US-China • Yuan-Dollar
United States designates China as currency manipulator
The United States has designated China a “currency manipulator”, following the devaluation of the Yuan. The move could escalate the tense trade relations between the two nations. The US action came after China allowed its yuan to weaken past the key seven-per-dollar level for the first time in more than a decade. This decision will ..
Topics: Balance of trade • Currency • currency manipulator • Devaluation • Economy • Foreign exchange market • International macroeconomics • Macroeconomics • Monetary hegemony • Money • National accounts