The Economist: Finance and economics articles summarised (9th August 2019)

Currency wars
The latest manifestation of the trade war came with China letting its currency weaken through the psychologically important 7 level, for the first time since 2008 (see chart below). The US Treasury then branded them a “currency manipulator”, the first time in 25 years it has used that term.

  • China was reacting to the surprise tariffs announced four days earlier.
  • Trade tensions are reheating, leading to the worst day . . .

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