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China not a currency manipulator according to US Treasury report


  • Forex
  • Friday, 12 Oct 2018

US Treasury staff has not labeled China as a currency manipulator in its recommendation for the department's semiannual report on foreign exchange rate practices.

US Treasury staff has not labeled China as a currency manipulator in its recommendation for the department's semiannual report on foreign exchange rate practices.

BENGALURU: US Treasury staff has not labeled China as a currency manipulator in its recommendation for the department's semiannual report on foreign exchange rate practices, according to media reports on Thursday.

In an internal report submitted to Treasury Secretary Steven Mnuchin, the department did not say that Beijing is manipulating the yuan, but it continued to place China on a monitoring list, Politico reported, citing an administration official familiar with the report. https://politi.co/2OlFL1R

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