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


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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD: Consolidates losses around one-week low beyond 0.7100

AUD/USD keeps pullback from 0.7134, bulls await clear direction to extend the three-day losing streak. Risk-tone recently dwindled amid US stimulus chatter, gold’s crash supersedes everything.

AUD/USD News

Gold prices collapse to $1,910 as huge profit-taking kicks-in

Positioning squeeze has taken place as the bulls feeling the heat bail out in droves, triggering stop losses to the bottom of the abyss. Real rates have been on the incline since last week's Nonfarm Payrolls report which beat expectations.

Gold News

WTI buyers aim to regain $42.00 despite downbeat API data

WTI keeps the bounce off $41.70 following initial downtick amid weaker than prior inventory levels. US-China tussle, uncertainty over American stimulus weigh on the commodities with rising US dollar exerting additional downside pressure.

Oil News

USD/JPY climbs to 18-day highs near 106.50 on surging US T-bond yields

Despite the broad-based USD weakness during the first half of the day, the USD/JPY pair stayed relatively quiet near 106.00 as the JPY struggled to find demand as a safe-haven. 

USD/JPY News

Will NZD see deeper correction as European fx outperform?

Currencies and equities traded higher on the back of better than expected economic data and reports from Russia that they’ve won the global vaccine race. While Russia announced the world’s first approved vaccine ...

Read more

Forex MAJORS

Cryptocurrencies

Signatures