The US Treasury said seven major economies, including China, were on its “monitoring list” for currency practices, while refraining in a semiannual re
The US Treasury said seven major economies, including China, were on its “monitoring list” for currency practices, while refraining in a semiannual report from designating any trading partner as a foreign-exchange manipulator.
The congressionally mandated report is designed to pressure trading partners perceived to be artificially holding down their exchange rates in order to gain competitive advantage. But last year the dollar appreciated alongside the Federal Reserve’s monetary tightening.
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