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(Image from article: "U.S. backs off in currency dispute with China")

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US declines to label China currency manipulator

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

U.S. backs off in currency dispute with China

The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency that would have caused new frictions between the world's only superpower and its largest creditor.

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