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US Treasury Folds? Softens Stance On Yuan From “Significantly Undervalued” To “Below Appropriate” Valuation
Submitted by Tyler Durden on 10/19/2015 – 16:43 
We presume the ‘threat’ of selling hundreds of billions of dollars of US Treasuries has prompted a softening in the “Currency manipulator” rhetoric from The US Treasuy department. Having previously said the Yuan is “significantly undervalued,” today’s report shifts the comment to stating that the Yuan is “below appropriate medium-term valuation.” Of course, The US Treasury would know exactly how all of the world’s currencies should trade in this centrally-planned world.
CNBS had headline stating that the US Treasury said China is no longer a currency manipulator.