China's currency is weakening — and it will likely weaken more — but foreign exchange strategists don't expect President-elect
"Right now, I'd say it's just rhetoric," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman. Trump has accused China of manipulating its currency in order to make its exports unfairly competitive, and he has threatened a 45-percent tariff on Chinese imports. But Chandler pointed out how
Some analysts also attributed recent yuan weakness to concerns about Trump's calls for a tariff and his threats to label China a currency manipulator.
But while the U.S. dollar index climbed above 100 this week to its highest since Dec. 3, 2015, currency strategists also noted...