By Invitation

Weak yuan or strong US dollar?

Linda Lim

sto21@sph.com.sg
Published
Oct 16, 2018, 5:00 am SGT

While some US officials warn China against competitive devaluation, in fact, a strengthening US dollar is due more to US domestic forces than external factors

United States Treasury Secretary Steven Mnuchin last week warned China against devaluing its currency, saying that any US-China trade deal must include a currency agreement against "competitive devaluation".

The Chinese yuan has plunged against the strengthening US dollar this year - weakening more than the euro, but less than most other emerging market currencies like the rupee and rupiah.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
Subscribe Now
A version of this article appeared in the print edition of The Straits Times on October 16, 2018, with the headline 'Weak yuan or strong US dollar?'. Print Edition | Subscribe
Topics: 

Branded Content