U.S. Groups Eye Second Obama Decision On China Yuan

From Reuters:

U.S. labor and manufacturing groups urged President on Tuesday to live up to his campaign rhetoric and formally label China a manipulator in a Treasury Department report due out next week.

But Nicholas Lardy, a China economic watcher at the Peterson Institute for International , said he’d be “shocked” if Obama took that step now.

Obama faces his second decision on the currency issue in a semi-annual report due to on October 15.

During last year’s campaign, Obama criticized then-President George W. Bush for repeatedly failing to label Beijing a currency manipulator, but then made the same decision in his first stab at the issue in April.

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