US Treasury removes currency manipulator label on ChinaUS Secretary of the Treasury Steven Mnuchin said China has made 'enforceable commitments' not to devalue its currency to gain a competitive trade advantage. WASHINGTON: The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly two years of conflict. - Symbolic move -Though the semi-annual currency report always gains attention as a key sign of relations between the powers, the currency manipulator designation was largely symbolic. However, many economists questioned the decision to label China a manipulator in the first place. The currency report had eight other countries on the "monitoring list" due to concerns about their currency practices: Germany, Ireland, Italy, Japan, South Korea, Malaysia, Singapore, Switzerland, and Vietnam.

Source: Bangkok Post January 13, 2020 22:52 UTC