for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
U.S. Markets

China's future actions could warrant forex manipulator label: Treasury nominee

WASHINGTON (Reuters) - The U.S. Treasury would recommend China be considered a currency manipulator if Beijing began unfairly managing the yuan’s value, President-elect Donald Trump’s nominee to run the Treasury department, Steven Mnuchin, said on Thursday.

Asked in a U.S. Senate hearing if he would recommend Trump formally designate China a currency manipulator if it started manipulating its currency again, Mnuchin said: “I would.”

Reporting by Jason Lange and Lisa Lambert; Editing by Chizu Nomiyama

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up