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Any U.S.-China Trade Agreement may include currency side deal, says S&P

October 16, 2019

SINGAPORE -- S&P Global Ratings believes China would probably agree to a side deal on currency policy if it rests on allowing market forces to play a greater role. It says the U.S. has become fond of including currency provisions in its recent trade agreements, and these often require that countries refrain from exchange rate manipulation and competitive devaluations.