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| Yuan Weakness Revives Old Question: What Is China Doing With Its Currency? During his campaign for the presidency, then-candidate Donald Trump frequently criticized China for its currency policy, alleging Beijing had gained an unfair trade advantage by keeping the yuan undervalued. Mr. Trump said he would officially label China a currency manipulator on his first day in office ...
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| As Currencies Weaken, Asia's Original Sinners Go for Classic Defense The currencies of Asia's economies with relatively high interest rates, such as Indonesia, India and the Philippines, are each down about 3 percent this year because they are facing a series of challenges, including competition for funds from rising U.S. Treasury yields, a resurgent U.S. dollar, and the ...
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| Iran's currency crunch hits cash-reliant foreign tourists The rate was set at 42,000 rials per dollar, a benchmark now meant to be used for all foreign currency transactions. So with one euro trading at 1.20 dollars, the official Iranian market rate for the euro is 50,400 rials. Eventually, tourist Vamoorschot, who works as a project manager for Rotterdam city hall, ...
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