currency manipulator Current Affairs, GK & News

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

Switzerland removed from US currency watchlist

The Trump administration has recently removed India and Switzerland from its currency monitoring list of major trading partners. Both the countries were removed from the list because for two consecutive reports they had both met only one of three criteria necessary for inclusion on the monitoring list. According to the report, India had a significant ..

Topics: Countries • Currency • currency manipulator • Donald Trump • Economy • Foreign exchange market • Singapore • World