The U.S. Treasury Department on Jan. 13 said China should no longer be designated a currency manipulator in a long-delayed semi-annual currency report, reversing its August finding, which had roiled financial markets.
The widely expected decision came as a high-level Chinese delegation arrived in Washington ahead of the Jan. 15 signing of a “phase one” trade agreement aimed at easing tensions between the world’s two largest economies after more than 18 months of tit-for-tat tariffs.
