Economics

U.S.-China Pact Leaves Currency Watchers Mostly Unimpressed

Trade agreement includes chapter devoted to currencies
‘I don’t see a lot new here,’ says Goldman strategist Cahill

President Trump says tariffs “will all come off as soon as we finish Phase Two.”(Source: Bloomberg)

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By Saleha Mohsin and Liz Capo McCormick

January 15, 2020 at 6:07 PM UTC

Updated on

January 16, 2020 at 11:05 AM UTC

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The U.S.-China trade deal includes a foreign-exchange agreement that reaffirms the nations’ commitments to avoid competitive devaluations. Currency watchers were mostly unimpressed.