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Tag Archives: US dollar

China lacks currency transparency: US

Beijing is not a currency manipulator but China’s exchange rate practices and the yuan’s recent decline are of “particular concern,” US Treasury Secretary Steven Mnuchin said Wednesday. In putting Beijing and five other US trading partners on notice, the Treasury again refrained from escalating a fight over China’s currency as …

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Morocco loosens currency peg to attract investors

Morocco will loosen its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib, as the central bank is known, will allow the dirham to fluctuate 2.5 per cent above or below its …

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