Yellen Warns Against Currency Manipulation by Other Countries

Reported about 14 hours ago

U.S. Treasury Secretary Janet Yellen stated that the U.S. will respond strongly to any currency manipulation intended for competitive advantage, despite there currently being no market intervention. During a Bloomberg interview, she emphasized confidence in the dollar's position as the world's reserve currency and condemned attempts by countries to manipulate their currencies. Yellen's remarks followed reports that China may allow its yuan to weaken amid rising tariffs anticipated from the incoming Trump administration.

Source: YAHOO

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