Font Size

- Aa +

Mon 26 Aug 2019 11:12 AM

Font Size

- Aa +

Video: How the US-China trade war turned into a currency war

The Trump administration has turned its sights on China's currency as the two countries continue to trade blows in the ongoing trade war.

In early August 2019, the US Treasury Department designated China as a currency manipulator, shortly after the yuan fell sharply and send markets into a tailspin.

Here’s what a currency war looks like, and what it means for the trade war and global markets.

(Source: CNBC YouTube channel)