Treasury Department delays release of Semi-Annual Currency Report

The Obama administration looks set to delay a much-anticipated decision on whether to label China as a currency manipulator. Maybe there is something to yesterday's rumour about a possible deal between the U.S. and China. Perhaps China has offered to raise interest rates in order to buy time for some sort of currency deal at the next G20 meeting in Seoul on November 11. Remember, Treasury also delayed its April 15 report to give China more time to make currency reforms. It eventually was released on July 8. Read more here.