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Trump tweets accuses China, Russia of currency devaluation

2018-04-16 21:56    Investing

Trump tweets accuses China, Russia of currency devaluation Stock News

© Reuters. Trump tweets accuses China, Russia of currency devaluation
  • "Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates," tweets the president. "Not acceptable."
  • Russia's ruble plunged last week, in part or all thanks to sanctions the U.S. slapped on that country. China's yuan, meanwhile, is at its strongest level vs. the dollar in about three years.
  • Update at 9:10 ET: The greenback (UUP, UDN) has slipped a bit since the comments, with the dollar index now off 0.4%.
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