Beijing allowed the yuan sink to its lowest level in 11 years on Monday. Photo: Shutterstock

US declaration of China as currency manipulator roils global financial markets from the Americas to Asia

  • Treasury Secretary Steven Mnuchin said his agency would engage with the IMF ‘to eliminate the unfair competitive advantage created by China’s latest actions’
  • Financial markets fell from the Americas to Asia, with stock indexes plunging from Seoul to Wellington. Hong Kong’s Hang Seng Index gave back nearly all of its gains this year
Topic |   Currency war

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Beijing allowed the yuan sink to its lowest level in 11 years on Monday. Photo: Shutterstock
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