US Delays China Currency Report Amid Trade Dispute

Law360, New York (October 15, 2010, 5:16 PM EDT) -- The U.S. Department of the Treasury delayed a report on currency exchange rates Friday that could have illustrated whether China was working to increase the value of its currency, saying it would wait for high-level meetings that could help resolve the ongoing trade dispute.

The report on international exchange rates was supposed to be sent to Congress Friday. Some congressional leaders have criticized China for undervaluing its currency, which they say hurts U.S. manufacturers by forcing them to unfairly compete with Chinese exporters whose prices are...
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