By Alex Lawson (June 10, 2022, 4:50 PM EDT) — The U.S. Treasury Section declined to label any international countries as forex manipulators Friday, but nevertheless expressed its distaste with selected governments taking motion to devalue their forex to obtain a investing advantage.
In its semiannual report scrutinizing the currency moves of U.S. buying and selling associates, Treasury identified as out Switzerland as the most alarming offender and also added Taiwan and Vietnam to a govt watchlist whilst continuing to engage with those people governments bilaterally.
“Treasury remains worried by selected economies elevating the scale and persistence of international trade intervention to resist appreciation of their currencies in line with economic fundamentals,” the agency wrote….
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