Washington (CNN) The United States stripped away its designation of China as a currency manipulator days before President Donald Trump and senior Chinese officials are expected to sign an initial trade deal.

On Monday, the Treasury Department -- in its twice-a-year report to Congress -- said it found no major trading partners "at this time" in violation of troubling foreign exchange practices that would trigger the label, including China.

Instead, it placed China along with nine other trading partners like Germany, Italy, Japan, Korea and Vietnam on a monitoring list.

The Treasury Department cited negotiations with the People's Bank of China along with enforceable agreements part of the preliminary trade deal as reasons for why Beijing should no longer be designated as a currency manipulator.

"China has made enforceable commitments to refrain from competitive devaluation, while promoting transparency and accountability," said Treasury Secretary Steven Mnuchin in a statement.

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