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

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