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U.S. Designates Switzerland, Vietnam as Currency Manipulators
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 ... (full story)
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