WASHINGTON - The United States on Monday will formally retract its accusation that China manipulates its currency to gain unfair trade advantages, according to a media report.
It would also undo the major escalation from August by US President Donald Trump, who made good on a campaign pledge to brand Beijing a currency manipulator.The news helped drive Wall Street higher around 1700 GMT. Chinese authorities in August allowed the yuan to fall below 7 to the dollar for the first time in a decade, sending shudders through stock markets at the time and stoking Trump's ire.
SolomonYue I still hope any countries can help.
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