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U.S. Treasury leans toward backing US$500B boost for IMF Saleha Mohsin and Eric Martin, Bloomberg News The U.S. Treasury is leaning toward backing a boost of as much as US$500 billion to the International Monetary Fund’s resources, helping it support developing nations against the COVID-19 crisis, according to people familiar with the matter. Treasury Secretary Janet Yellen could make a decision as soon as the end of February, when finance ministers and central bankers from the Group of 20 meet, the people said on the condition of anonymity. That event, hosted by Italy, will be held virt...

Treasurary secretary pick Janet Yellen said the Biden administration would focus on winning quick passage of its $1.9-trillion relief plan, rejecting Republican arguments that it's too big given the size of U.S. budget deficits.

6 Min Read WASHINGTON (Reuters) - The Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday, in another parting shot at trading partners that could complicate matters for U.S. President-elect Joe Biden’s incoming team. In a long-overdue report, the U.S. Treasury also added India, Thailand and Taiwan to a list of trading partners it says may be deliberately devaluing their currencies against the dollar. The COVID-19 pandemic has skewed trade flows and widened U.S. deficits with trading partners, an irritant to outgoing President Donald Trump, who won office ...

US labels Vietnam currency manipulator in improper move 18:07 | 28/12/2020 In a report, the US Treasury has labelled Vietnam and Switzerland currency manipulators, citing that the two countries are intervening in their foreign exchange policies to create unfair trade advantages which could harm the US. Prof. Dr. Tran Ngoc Tho from the School of Finance at the University of Economics in Ho Chi Minh City outlines some of the significant and questionable concepts in the report. Prof. Dr. Tran Ngoc Tho from the School of Finance at the University of Economics in...

6 Min Read WASHINGTON (Reuters) - The Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday, in another parting shot at trading partners that could complicate matters for U.S. President-elect Joe Biden’s incoming team. In a long-overdue report, the U.S. Treasury also added India, Thailand and Taiwan to a list of trading partners it says may be deliberately devaluing their currencies against the dollar. The COVID-19 pandemic has skewed trade flows and widened U.S. deficits with trading partners, an irritant to outgoing President Donald Trump, who won office ...