Obama administration delays report on China's currency
WASHINGTON — The Obama administration said it will delay a scheduled report on whether China is manipulating its currency to gain trade advantages until after an upcoming meeting of leaders of major economies next month.
The Treasury Department said the administration will wait until after President Barack Obama meets with other leaders of the Group of 20 nations in Seoul in early November.
The administration's announcement is certain to disappoint U.S. manufacturing companies who contend China is keeping its currency undervalued to gain trade advantages.
