Trump Bucks Treasury in Ripping China, Russia as FX Meddlers

Russia also devaluing currency amid rising U.S. rates: Trump
Mnuchin Friday: No major trading partner a fx manipulator

Bloomberg’s Stephen Engle discusses Trump’s accusation against China and Russia for devaluing their currencies.(Source: Bloomberg)

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By Katie Greifeld and Saleha Mohsin

April 16, 2018 at 1:02 PM UTC

Updated on

April 16, 2018 at 6:15 PM UTC

This article is for subscribers only.

President Donald Trump accused China and Russia of devaluing their currencies, breaking from his own Treasury chief’s view that no major trading partners are currency manipulators.

“Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!,” Trump wrote on Twitter early Monday.