Currency manipulation

A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Trump fired back by having the Treasury Department officially name China a “currency manipulator...

The U.S. Dollar Index, which measures the value of the U.S. dollar against a basket of foreign currencies, has gained about 3.2 percent year-to-date through Oct. 11.  This is where the greenback stands year-to-date against other major currencies: Euro: +3.4 percent Pound: +2.1 percent...

Former U.S. Treasury Secretary Larry Summers was a guest on Bloomberg TV and offered some tips for Donald Trump ahead of his presidency. Currency Manipulation The conversation began surrounding currency manipulation. Specifically, Trump accused China of manipulating its currency and said that as...

Trade expert Clyde Prestowitz was on Kathleen Hay's Advantage Show, on Bloomberg Radio, late last week. Presowitz was a trade negotiator in the Reagan Administration, and has also worked with the Clinton Administration on trade issues. His latest book is called “The Betrayal of American Prosperity...