China says U.S. comments on Chinese currency are 'a bit chaotic'


© Reuters. FILE PHOTO: Illustration photo of a China yuan note

BEIJING (Reuters) – China’s foreign ministry said on Tuesday that information coming out of United States regarding the Chinese currency is “a bit chaotic”, after U.S. President Donald Trump accused China in a Twitter post on Monday of devaluing its currency.

Ministry spokeswoman Hua Chunying made the comment at a regular briefing in Beijing.

The U.S. Treasury, in a semiannual report on Friday, again refrained from naming any major trading partners as currency manipulators. The report came as the Trump administration pursues potential tariffs, negotiations and other restrictions to try to reduce a massive trade deficit with China.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Comments

comments