China's sudden currency slide sparks rumors of an anti-Trump policy move
June 25, 2018 at 15:18 PM EDT
China’ s currenc y has slipped markedly in the last week, to the point where it’ s trading at December lows against the dollar, and that’ s prompting speculation that China would be willing to use a weakened currency to fight U.S. tariffs and trade threats. But analysts say while the currency has made a clear move lower since trade rhetoric flared, the likelihood of...