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US says China, South Korea should let currencies rise

The US Treasury said Thursday that the Chinese and South Korean governments should stop intervening in markets to protect their undervalued currencies and let them riseThe US Treasury said Thursday that the Chinese and South Korean governments should stop intervening in markets to protect their undervalued currencies and let them rise. The Treasury said in a semi-annual report to Congress on currency manipulation that no country, including China, intervenes enough to be officially labeled a manipulator, a charge that could result in countermeasures to protect US trade competitiveness.

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