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US does not name China as a currency manipulator

Thursday, October 18, 2018, 12:17 PM

The Treasury Department stopped short of declaring China a currency manipulator in its semi-annual report on foreign-exchange rates, averting an escalation of a trade war while serving notice that the U.S. will closely watch the yuan after its recent slide. "Of particular concern are China's lack of currency transparency and the recent weakness in its currency," Treasury Secretary Steven Mnuchin said in a statement.

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