Saturday, October 13, 2018

U.S. Treasury Staff Finds China Isn’t Manipulating Yuan, Sources Say - Bloomberg

The U.S. Treasury Department's staff has advised Secretary Steven Mnuchin that China isn't manipulating the yuan as the Trump administration prepares to issue a closely watched report on foreign currencies, according to two people familiar with the matter. The conclusion, if accepted by Mnuchin, would avert an escalation of the U.S.-China trade war and remove a source of anxiety for emerging markets. ....
https://www.bloomberg.com/news/articles/2018-10-11/u-s-treasury-staff-said-to-find-china-isn-t-manipulating-yuan

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