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U.S. Delays China Currency Report

The U.S. Treasury Department has said it will delay the publication of a controversial report on China's currency policies until after a meeting of the G20 in South Korea next month.

The report was expected to open the way for sanctions against Chinese goods.

The United States accuses Beijing of keeping its curency, the yuan, undervalued to gain an unfair trade advantage.

Analysts say the Obama administration is facing pressure in Congress to punish China for trade policies that some U.S. lawmakers say cost U.S. manufacturing jobs.

compiled from agency reports