Trump Blasts China, Russia for Devaluing Currencies as Fed Hikes

CFR's Steven Cook Says Iran Has Opportunity and Motive to React to U.S. Strikes in Syria

"This is unacceptable!" - trump wrote on Twitter.

The US Head of the Government on his "Twitter" has made the statement that China and Russian Federation allegedly play a role in the devaluation of currencies and this is "not acceptable".

Mr Trump said that there was a deliberate attempt by these countries to devalue their currencies at a time of rising interest rates in America, suggesting the nations were deliberately attempting to derail the USA economy.

Mr Trump's tweet referred to what he sees as unfair trading advantages - if a country's currency is artificially low, its exports are more competitive.

I don't know why he's tying United States interest rates into that but ok.

Meanwhile, the United States dollar has been falling against the Chinese yuan for 16 months and is trading near the lowest since mid-2015.

The ruble has weakened 10 percent against the dollar in the past year, with much of the decline following the U.S.'s introduction of sanctions on dozens of Russian tycoons, companies and key allies of President Vladimir Putin. The report came as the Trump administration pursues potential tariffs, negotiations and other restrictions to try to cut a massive trade deficit with China.



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