Why Trump's wrong to blast the Fed over China's 'currency manipulation'
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China’s decision to let the yuan weaken past the benchmark of 7 per U.S. dollar is roiling world markets, leading to a steep selloff. The Dow industrials and S&P 500 indexes were both down more than 2% by midday Monday. President Trump accused Beijing of “currency manipulation,” tweeting that the move is a “major violation which will greatly weaken China over time!”