US Treasury Secretary Mnuchin watching Chinese yuan weakness for manipulation :

The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday. Mnuchin said in an interview in Sao Paulo, Brazil, that the yuan's weakness would be reviewed as part of the U.S. Treasury's semi-annual report on currency manipulation. Mnuchin's comments raised the specter of designating China as a currency manipulator for the first time since the early days of the Trump administration in 2017. Mnuchin said the Trump administration was open to a trade deal to end tariffs on Chinese goods, but only if China was sincere in making meaningful changes to its technology transfer and joint venture policies, as he noted that China frequently voices support for a rules-based trading system.

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