In this April 16, 2018, photo, President Donald Trump speaks at an event to promote his tax cut package in Hialeah, Fla. (AP Photo/Pablo Martinez Monsivais)
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U.S. President Donald Trump accused Russia and China Monday of devaluing their currencies while the United States raises interest rates, prompting China to accuse the United States of sending confusing messages.Since Trump took office in January 2017, the dollar has weakened substantially against most currencies, including the Chinese yuan and, until the United States imposed sanctions on Russia in the last few weeks, the ruble.Until the United States announced sanctions on Russian oligarchs this month, however, the dollar had weakened by nearly 4 percent against the Russian currency.More widely, the U.S. dollar index, which measures the greenback's value against a basket of major trading partner currencies, has declined by 11.2 percent since Trump became president.
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