US criticizes China's foreign exchange practices, but does not add manipulator designation


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The US Treasury once again missed a formal opportunity to refer to China as a "currency manipulator," but singled out the nation's currency practices as a source of "special concern."

Treasury Secretary Steven Mnuchin has criticized the "lack of monetary transparency and the recent weakness of its currency," saying in a statement that this poses "significant problems for a fairer and more balanced trade, and that we will continue to monitor and review China's monetary practices. "

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