The U.S. Treasury again passed up a formal opportunity to designate China a “currency manipulator,” but singled out the nation’s currency practices as a source of “particular concern.”Treasury Secretary Steven Mnuchin faulted China’s “lack of currency transparency and the recent weakness in its currency,” saying in a statement that this poses “major challenges to achieving fairer and more balance trade, and we will continue to monitor and review China’s currency practices.”...

Source: Wall Street Journal October 17, 2018 22:30 UTC