Market News
Evidence suggests Trump's cheap yuan comment is unfounded - REUTERS
SHANGHAI, March 4 (Reuters) - U.S. President Donald Trump's criticism of China's foreign exchange policy appears to be unfounded, given the yuan's relative strength in currency markets and Beijing's efforts to keep it stable.
Trump said on Monday he told the leaders of Japan and China they cannot continue to reduce the value of their currencies as doing so would be unfair to the United States.
WHY IT'S IMPORTANT
China's central bank has appeared to prioritise financial and currency stability in recent months by delaying monetary easing as a weaker yuan could weigh on domestic demand and trigger capital outflows.
