FYI: For the fourth time, the Treasury department has denied President Trump what he wants: to label China as a currency manipulator.
In fact, in its most recent report on the exchange rate policies of America's largest trading partners, the Treasury declined to name China, or any country for that matter, a currency manipulator. Instead, as it did in April, six countries made the monitoring list: China, Japan, Korea, India, Germany, and Switzerland.
While the results remained the same, the Treasury toughened up its language on China and signalled the potential for further escalation later down the road.
Regards,
Ted
https://ftalphaville.ft.com/2018/10/18/1539853200000/The-Treasury-s-currency-report-was-all-about-China-/
