China's currency is expected to fall below its own 'red line,' prompting more complaints from US
China's currency is expected to fall below its own 'red line,' prompting more complaints from US
www.cnbc.com

Strategists expect China's weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and, no doubt, draw a new round of criticism from the Trump administration.

The Treasury Department on Wednesday refrained from naming China a 'currency manipulator' in its biannual currency report, but it kept it on a watch list with several other countries. China was specifically called out for its 'lack of currency transparency and recent weakness in the currency." A weaker yuan helps insulate China against some of the impact of trade tensions because it makes exports cheaper.

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