Jinping this is the Business Briefing. Im sally bundock. On the eve of the signing of the first phase of the us china trade deal, america says it will no longer lable china a currency manipulator. Heartbreak in australias bushland farmers are facing devastating losses of livestock as fires rage on. And on Financial Markets investors are feeling optimistic with the us showing signs it is keen to seal the trade deal with china tomorrow. Lets unpack further the decision made in the us late monday. The us has reversed its decision to brand china a currency manipulator as the two countries prepare to wind down their trade war and sign a phase one deal on wednesday. Us treasury secretary, steven mnuchin, said the us made the change because china had agreed to refrain from devaluing its currency to make its own goods cheaper forforeign buyers. China was officially named a currency manipulator in august last year when tensions were high between beijing and washington. Lets talk this through wi
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