Treasury semi-annual currency report says no major US trading partners manipulated FX

News

AI image

  • China, South Korea, Germany, Malaysia, Singapore, Switzerland and Taiwan remain on the list
  • Japan was removed from the list
  • Switzerland exceeded just one of three thresholds in four quarters through Dec 2022
  • Reiterates call for increased FX transparency from China
  • A number of countries had shifted to position of selling forex reserves to limit declines against strong dollar in 2022
  • Does not believe China was intervening extensively to exceed net forex purchases threshold

This report is a charade. If Switzerland wasn’t nailed for openly manipulating for years, no one will be.

Articles You May Like

Dollar Gains as Bond Yields Surge, Bitcoin Breaks Above 70K on Post-Election Hopes
Germany’s inflation surges to 2.4% as it narrowly skirts a technical recession
Aussie Sinks ahead of CPI as China Stimulus Optimism Fades
Israel strikes on Iran don’t look designed to minimize the chance of retaliation
US equity close: Strong start falls flat

Leave a Reply

Your email address will not be published. Required fields are marked *