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Donald Trump says Russia, China playing 'currency devaluation game'

Since Trump took office in January 2017, the dollar has weakened substantially against most currencies

Reuters  |  Washington/Beijing 

US President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates, prompting China to accuse the United States of sending confusing messages. "Russia and China are playing the Currency Devaluation game as the US keeps raising interest rates. Not acceptable!" Trump said in a Twitter post. Speaking in Beijing on Tuesday, Foreign Ministry spokeswoman Hua Chunying noted that what Trump said seemed to contradict the US Treasury's report that refrained from naming any major trading partners as currency ...

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First Published: Tue, April 17 2018. 17:56 IST