Currency Manipulator | featured news

The Obama administration has declined to label China a currency manipulator, although it says China's currency remains significantly undervalued.

The Obama campaign has attacked Republican Mitt Romney this week for having investments in China, saying it is inappropriate for a presidential nominee to be investing so much money there. Former Ohio governor Ted Strickland (D), a campaign co-chairman, said it “defies logic.” “It may not be illegal, it may not be unethical, but it is unseemly,” he said in an interview. “It just leaves a bad taste in your mouth.”

The United States should use all available tools, including labeling China a currency manipulator, to put pressure on Beijing to raise the value of its yuan, a U.S. watchdog panel said on Wednesday.