China’s ForeignMin: The removal of currency manipulator tag is 'in line with the truth'

Dhwani Mehta FXStreet

Reuters is out with the latest comments from the Chinese Foreign Ministry, with the key headlines found below.

The removal of currency manipulator tag is 'in line with the truth'.

China will keep its currency basically stable.

This comes after the US Treasury department on Monday dropped its designation of China as a currency manipulator days ahead of the US/China preliminary trade agreement singing this Wednesday.

The market mood is seen souring slightly heading into the European open, as the S&P 500 futures have turned negative while Treasury yields trim gains. USD/JPY is once again testing the 110 handle.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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