Negotiations in Washington last week between China and the United States appeared to have made progress towards a “phase one” trade deal. Photo: Reuters

China-US currency deal would not be a new Plaza Accord of one-sided exchange rate movement, analysts say

  • Currency provisions are expected to be included in any interim deal between China and America following progress made during talks last week in Washington
  • The 1985 Plaza Accord saw Japan, France, Germany, Britain and the US push down the value of the US dollar, resulting in the Japanese yen doubling in value
Topic |   US-China trade war

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Negotiations in Washington last week between China and the United States appeared to have made progress towards a “phase one” trade deal. Photo: Reuters
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.