US brands Switzerland as a currency manipulator
Switzerland and Vietnam accused of intervening in their currency markets for the first time, while China remains on watch list
16 December 2020 - 20:11
Washington — The US Treasury department designated Switzerland and Vietnam as currency manipulators for the first time, while keeping China on a watch list, in the Trump administration’s final foreign-exchange policy report.
Having removed the manipulator label from China in January, the Treasury urged the world’s second-largest economy to “improve transparency” in its currency management, especially of its central bank’s relationship with state-owned banks — which market participants say can act in the currency market with official guidance...
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