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US Treasury says no major trading partner manipulates currency
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No major trading partner manipulates currency: US Treasury
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Country meets 2 of 3 review criteria
India is one of the 11 countries on the U.S. Treasury’s ‘Monitoring List’ with regard to their currency practices, according to the April 2021 edition of the semi-annual report, the first from the Biden administration. India was on the list in the December 2020 report as well.
The report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, which is submitted to the U.S. Congress, reviews currency practices of the U.S.’s 20 biggest trading partners. Three criteria are used to review partners: a significant (at least $20 billion) bilateral trade surplus, a material current account surplus, and ‘persistent one-sided intervention’ in forex markets.
U S Department Of The Treasury Releases Report On Macroeconomic And Foreign Exchange Policies Of Major Trading Partners Of The United States
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India was on the list in the previous report from December 2020 as well.
India is one of 11 countries on the U.S. Treasury’s ‘Monitoring List’ with regard to their currency practices as per the April 2021 edition of the (normally) semi-annual report just released, the first report of the Biden administration. India was on the list in the previous report from December 2020 as well.
The Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, which is submitted to the U.S. Congress, reviews currency practices of the U.S.’s 20 biggest trading partners. Three criteria are used to review partners : a significant (at least $20 billion) bilateral trade surplus, a material current account surplus and ‘persistent one-sided intervention’ in forex markets. Taiwan , Switzerland and Vietnam met all three criteria.