Trump says Facebook’s Libra currency has ‘little standing or dependability’ – CNET

Tech Industry Trump blasts Facebook’s Libra cryptocurrency, says USA only has ‘one real currency’ The US president does not believe in Facebook’s new cryptocurrency. By Daniel Van Boom July 11, 2019 5:38 PM PDT US President Donald Trump tweeted about Facebook’s Libra, as well as other cryptocurrencies, on Thursday night. Saul Loeb/AFP/Getty Images In June,

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Japan's Aso pushes back on U.S. call for scrutiny of currency moves

WASHINGTON Japanese Finance Minister Taro Aso said on Saturday trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington’s calls to have more rigorous IMF scrutiny of currency moves. Earlier, U.S. Treasury Secretary Steven Mnuchin called on the International Monetary Fund to enhance surveillance of its members’ exchange rates and external imbalances,

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IMF members delete anti-protectionism pledge, keep currency commitments

WASHINGTON Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee (IMFC), the IMF’s steering body, also repeated its past commitments on currency exchange rates. “We will refrain from competitive

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Trump Says Dollar ‘Getting Too Strong,’ Won’t Label China a Currency Manipulator

WASHINGTON—President Donald Trump said Wednesday the U.S. dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Mr. Trump, in an interview with The Wall Street Journal, also said his administration won’t label China a currency manipulator in a report due this week. He left open the possibility… Source

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