U.S. drops negative designation of China days before deal signing - POLITICO

The Trump administration has dropped its formal designation of China as a currency manipulator, signaling improved relations between the two countries just days before officials are set to sign a preliminary trade deal. Treasury Secretary Steven Mnuchin said Monday that the phase one U.S.-China trade agreement set to be signed on Wednesday includes commitments on currency practices and to refrain from competitive devaluation — pledges that led the administration to remove the label it put in place less than six months ago. ....
https://www.politico.com/news/2020/01/13/china-currency-manipulator-label-098378