trending Market Intelligence /marketintelligence/en/news-insights/trending/pKRSoii-P7DhsUPJw0fbQg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

US to remove China's currency manipulator label

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them


US to remove China's currency manipulator label

The U.S. removed its designation on China as a currency manipulator as both countries prepare for the signing of their "phase one" trade deal Jan. 15.

The initial trade deal between the U.S. and China contains "enforceable commitments" from Beijing to "refrain from competitive devaluation, while promoting transparency and accountability," Treasury Secretary Steven Mnuchin said in the department's latest biannual report to Congress on economic and exchange rate policy.

China will instead return to the Treasury's "monitoring list" of economies that "merit close attention" due to their exchange-rate practices. Also in this list are Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore, Switzerland, and Vietnam.

President Donald Trump's administration designated China a currency manipulator in August 2019 as Beijing allowed the yuan to fall below the 7-per-dollar threshold for the first time in 11 years in an apparent response to a tariff threat from Washington.

China devalued the yuan "to gain unfair competitive advantage in international trade," with the People's Bank of China having "extensive experience" in manipulating currency, the Treasury said in 2019. The Chinese central bank denied the allegations and stepped in to contain the weakness in the yuan.

In its annual review of China's economy, published in August 2019, the International Monetary Fund said the yuan has been "broadly stable" against a basket of currencies, with estimates suggesting that the central bank has made only minimal foreign exchange interventions.