# China's chances of being called a 'currency manipulator' just dropped

> US Treasury Secretary Steven Mnuchin said the Trump administration will follow the existing Treasury process for judging currency manipulation and is making no judgment on China yet. He noted that China met only one of the three criteria in the Treasury's most recent review. He also said Trump has so far backed away from labelling China a manipulator.

- Date: 2017-02-23 · published 2017-02-23T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/72722-china-s-chances-of-being-called-a-currency-manipulator-just-dropped
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Avoiding a manipulator label lowers the near-term risk of US retaliation over currency policy. That reduces pressure for a sharp yuan appreciation and leaves the yuan's downside intact.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |
| USDCNY | 2026-02-27 | [Yuan Snaps Rising Streak After China Cuts Cost to Short Currency - Bloomberg](https://feedsoft.ai/events/7897-yuan-snaps-rising-streak-after-china-cuts-cost-to-short-currency-bloomberg.md) | +0.7% | +1.0% |
| USDCNY | 2017-09-24 | [Fans of a more open China should welcome the devalued yuan](https://feedsoft.ai/events/69192-fans-of-a-more-open-china-should-welcome-the-devalued-yuan.md) | +1.0% | +0.7% |
| USDCNY | 2021-01-06 | [China moves to curb yuan rally pressure due to hot money and export concerns \| South China Morning Post](https://feedsoft.ai/events/49366-china-moves-to-curb-yuan-rally-pressure-due-to-hot-money-and-export-concerns.md) | +0.1% | +0.3% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/02/23/chinas-chances-of-being-called-a-currency-manipulator-just-dropped.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.