Shuli Ren, Columnist

The U.S., Not China, Is the Real Currency Manipulator

The yuan has been tracking the dollar, so any volatility begins at home in Washington.

February 20, 2019 at 5:05 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

What's behind the yuan's swings?
Photographer: Nelson Ching/Bloomberg

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President Donald Trump should take a look in the mirror. China isn’t the currency manipulator.

The U.S. is asking Beijing to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, Saleha Mohsin and Katherine Greifeld of Bloomberg News reported. Washington fears that China could weaken its currency to counteract the effect of higher American tariffs on imports from the nation.