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    Currency wars

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    • Wednesday, 27 September, 2023
      Currencies
      Russia is increasingly using China’s currency to evade sanctions Premium content

      Also in this newsletter: why Bosnia should get rid of its Serb separatist leader before joining the EU

      An illustration shows the 100 Chinese yuan or Renminbi (RMB) note
    • Tuesday, 29 August, 2023
      ExplainerRenminbi
      Can China arrest the renminbi’s slide?

      Currency has fallen 5% this year but investors expect further declines

      A picture of Chinese bank notes
    • Thursday, 30 March, 2023
      Gillian Tett
      Prepare for a multipolar currency world

      The US dollar still dominates debt markets, but some niche-sounding data suggests things could be set to shift

      Efi Chalikopoulou illustration of Benjamin Franklin’s eye on a $100 bill, with China’s flag as the pupil
    • Friday, 16 September, 2022
      Currencies
      Further reading

      FX wars, Volcker lessons, complex system breakdowns, Italy’s never-ending crisis and peak food

    • Tuesday, 6 September, 2022
      LexRenminbi
      Renminbi: exporter gain and consumer pain gives Xi a headache Premium content

      Beijing will not want to pass on price rises to consumers in full

    • Tuesday, 19 October, 2021
      LexWise
      Wise: maverick fintech hero heads for zero fees Premium content

      Investors are buying into a story of disruptive and rapid revenue growth

      Wise logo on a smartphone
    • Monday, 19 July, 2021
      US resolves currency dispute with Vietnam

      Biden administration deal removes an irritant in relations between the two countries

      Vietnamese dong notes
    • Friday, 16 April, 2021
      US stops short of labelling Taiwan a currency manipulator

      Treasury also removes designations on Vietnam and Switzerland imposed in December

      The US Treasury Department building in Washington
    • Tuesday, 13 April, 2021
      Taiwan dollar drops with US set to apply currency manipulator tag

      Biden administration expected to add country to name-and-shame list despite strengthening ties

      Montage of US dollar and Taiwanese dollar notes
    • Friday, 22 January, 2021
      Renminbi
      China’s currency heads into Biden era on front foot

      Renminbi’s future strength depends on cooling of US trade tensions and health of dollar

    • Wednesday, 16 December, 2020
      US declares Switzerland and Vietnam currency manipulators

      Treasury move in final days of Trump administration will present dilemma for new president

      US Treasury secretary Steven Mnuchin said his department took the step to ‘safeguard economic growth and opportunity for American workers and businesses’
    • Wednesday, 21 October, 2020
      Melvyn Krauss
      Change intra-EU trade to counter US currency aggression

      There is a way to protect the bloc from beggar-my-neighbour policies

      European Central Bank president Christine Lagarde is in a tight spot between US currency aggression and Covid-19
    • Wednesday, 7 October, 2020
      Trade Secrets
      US probe into Vietnamese currency masks Trump’s real trade target Premium content

      Move appears to be attack on companies that insist on using low-cost Asian labour and manufacturing

      Apple began producing its wireless earbuds in Vietnam last year and some of its largest contractors have also boosted production capacity in the country
    • Saturday, 3 October, 2020
      US launches currency manipulation inquiry against Vietnam

      Probe could result in tariffs being imposed on imports from Asian country

    • Thursday, 1 October, 2020
      ETF HubMansoor Mohi-uddin
      Renminbi strength foretells dollar’s decline

      Sharp rebound in China’s currency a clear warning the greenback is likely to weaken

      The increasing prominence of the renminbi marks a significant change for investors
    • Thursday, 16 January, 2020
      News in-depthEM Squared
      Asian states avoid currency manipulator tag after odd timing of US Treasury report Premium content

      Vietnam, Thailand and Taiwan cleared despite credible evidence to the contrary

    • Tuesday, 14 January, 2020
      US-China trade dispute
      US lifts China ‘currency manipulator’ tag ahead of trade deal

      Reversal of Trump’s controversial move last year ends major source of irritation for Beijing

      Mandatory Credit: Photo by ROMAN PILIPEY/EPA-EFE/Shutterstock (10354337g) Chinese 100 yuan or renminbi (RMB) notes in Beijing, China, 05 August 2019. China's Yuan fell below the key level of seven to the US Dollar for the first time in eleven years, following the last week's US President Donald Trump's threat for more tariff on Chinese goods, according to media reports on 05 August 2019. China's Yuan fell below the key level of seven to the US Dollar, Beijing - 05 Aug 2019
    • Monday, 30 December, 2019
      News in-depthMarkets
      Aftershocks and fragility: 10 years in financial markets

      How the crisis of 2008 continued to reverberate through the following decade

    • Monday, 23 December, 2019
      News in-depthMarkets
      The big market moments of 2019

      The year was dominated by central bankers, politicians and companies with grand ideas

    • Thursday, 5 December, 2019
      FT SeriesEurope First: the race to compete
      Europe First: taking on the dominance of the US dollar

      EU leaders believe the euro needs to play a larger role in order to compete against the US and China

    • Tuesday, 3 December, 2019
      Markets InsightSteve Johnson
      The IMF supertanker may be changing course

      Policymakers seem to be warming to capital controls to avoid stagnation spreading

      Debt levels are rising around the world, leading to fears that any crunch could be particularly felt in emerging markets
    • Thursday, 15 August, 2019
      Megan Greene
      This is a currency war Donald Trump was never going to win

      The US cannot unilaterally weaken the dollar

      US dollar bill and China yuan banknote macro, Chinese and USA economy finance trade business, money closeup
    • Tuesday, 13 August, 2019
      Liu Guoqiang
      Currency manipulation charges against China are unfounded

      Trade tensions with the US have inevitably put the renminbi under pressure

      Mandatory Credit: Photo by ROMAN PILIPEY/EPA-EFE/Shutterstock (10354337d) Chinese 100 yuan or renminbi (RMB) notes in Beijing, China, 05 August 2019. China's Yuan fell below the key level of seven to the US Dollar for the first time in eleven years, following the last week's US President Donald Trump's threat for more tariff on Chinese goods, according to media reports on 05 August 2019. China's Yuan fell below the key level of seven to the US Dollar, Beijing - 05 Aug 2019
    • Monday, 12 August, 2019
      FT Swamp Notes
      Summer of fear

      The fallout from the US-China trade war could lead to an economic chill

      Summer of Fear
    • Friday, 9 August, 2019
      FT CollectionsUS-China trade dispute
      Threat of a currency war

      China lets renminbi slide below Rmb7 to $1 and is called a currency manipulator by US

      Currency wars
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