The U.S. Treasury Department designated Switzerland and Vietnam as currency manipulators in the Trump administration’s final foreign-exchange policy report. The agency stopped short of labeling China a currency manipulator and instead kept the world’s second-largest economy on a watchlist. The Treasury urged China to “improve transparency” in its currency management, especially of its central bank’s relationship with state-owned banks. “Treasury will follow up on its findings with respect to Vietnam and Switzerland to work toward eliminating practices that create unfair advantages for foreign competitors,” Treasury ... (full story)