The U.S. Treasury Department will delay the publication of its report on currencies mainly due to the upcoming G20 summit and a series of other world leader meetings.
The department is required to issue a report every six months on whether any countries are manipulating its currency for an unfair trade advantage. But it noted the yuan's rise of roughly 3 percent against the U.S. dollar since June 19, when China announced it was renewing exchange rate reform.
Since September 2, the pace of appreciation has accelerated to more than 1 percent per month. If this pace is sustained over time, the U.S. may not continue to view the yuan exchange rate as undervalued.
(CNTV.cn October 19, 2010)