U.S. officially removes China from its list of currency manipulators
Updated: 2020-01-14 05:10:22 KST
The U.S. Treasury Department has officially removed China's designation as a currency manipulator a matter of days before the two countries finalize a "phase one" trade deal.
The Treasury Department released its long delayed currency report on Monday, following its designation of Beijing as a currency manipulator in August last year - the first such designation in 25 years.
The updated report noted that Beijing had made important commitments regarding its currency - the yuan - as part of the new trade agreement and its value has appreciated since September.