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Obama Shunning China Yuan Manipulator Tag Gets Romney Ire

The U.S. declined to brand China a currency manipulator, while asking the world’s second-largest economy to strengthen the “significantly undervalued” yuan.

In its semi-annual report to Congress on exchange-rate policies, the Treasury Department said yesterday that it will continue to “closely monitor” the pace of yuan appreciation and push for “policy changes that yield greater exchange-rate flexibility.”