US removes China from currency manipulator list ahead of trade deal signing

US removes China from currency manipulator list ahead of trade deal signing

US Treasury has removed China from its list of currency manipulator as Washington and Beijing are preparing to sign a trade deal on Wednesday. The Treasury said that China agreed to publish relevant data on exchange rates and made an effort to refrain from ’competitive devaluation’. The action comes five months after the Trump administration had branded China a currency manipulator.

Chris
Chris
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