The U.S. Labels China a Currency Manipulator On August 5th, 2019, the U.S. Department of the Treasury designated China as a 'currency manipulator'. China has been on the U.S.'s watch list for quite some time. The U.S. believes that China "engaged in persistent one-sided intervention in the foreign exchange market". So the U.S. is requesting that the International Monetary Fund (IMF) "eliminate the unfair competitive advantage created by China's actions". Why would China want to keep the value of its currency artificially low? How Currency Exchange Rates Affect Businesses Currencies are constantly changing in value against other currencies. This is based on a variety of factors … [Read more...]