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The US declares Switzerland and Vietnam as currency manipulators - Vimarsana News

The US declares Switzerland and Vietnam as currency manipulators

Screenshot/NBC The US Treasury under Donald Trump's administration has declared Switzerland and Vietnam as currency manipulators, leading to rising tensions near the closing days of his presidency.  The move would add pressure to President elect-Joe Biden's incoming administration, according to a chief emerging markets strategist. US Treasury Secretary nominee Janet Yellen could alter current findings in her first currency report due in April. Switzerland's National Bank said it does not manipulate its currency and is willing to intervene more strongly in the fo...

US Calls Switzerland, Vietnam Currency Manipulators In Donald Trump Trade Shot - Vimarsana News

US Calls Switzerland, Vietnam Currency Manipulators In Donald Trump Trade Shot

US calls Switzerland, Vietnam currency manipulators in Donald Trump trade shot 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. Reuters December 18, 2020 / 03:53 PM IST 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 repor...

China's move toward monetary tightening attracts influx of capital - Vimarsana News

China's move toward monetary tightening attracts influx of capital

Dec 17, 2020 China’s central bank is striking out on its own with signals of tighter monetary policy, widening a divergence with other large economies that will shape global capital and trade flows next year. With most of the world’s major nations still battling the pandemic and struggling to recover from deep recessions, China’s economy is on track to grow by about 2% this year and more than 8% in 2021. That’s allowing People’s Bank of China Gov. Yi Gang to turn his attention to a record debt burden, an issue that’s come into sharp focus following a spate of corporate de...

India in List of Countries Trump Administration Believes Is Manipulating Currency - Vimarsana News

India in List of Countries Trump Administration Believes Is Manipulating Currency

India in List of Countries Trump Administration Believes Is Manipulating Currency This is another shot at US's trading partners that could complicate matters for President-elect Joe Biden's incoming term. Stacks of Swiss franc, Euro and U.S. dollar banknotes are displayed in a bank in Bern August 15, 2011. Photo: Reuters/Pascal Lauener World17/Dec/2020 Washington: The Trump administration labeled Switzerland and Vietnam ‘currency manipulators’, on Wednesday, in another shot at trading partners that could complicate matters for US President-elect Joe Biden’s incoming term. In a ...

Source: thewire.in
US calls Switzerland, Vietnam 'currency manipulators' in Trump trade shot - Vimarsana News

US calls Switzerland, Vietnam 'currency manipulators' in Trump trade shot

US calls Switzerland, Vietnam ‘currency manipulators’ in Trump trade shot Reuters Washington | Updated on × India, Thailand, Taiwan included in list of countries that may be ‘deliberately devaluing their currencies against the dollar’ The Donald Trump administration labeled Switzerland and Vietnam ‘currency manipulators’ on Wednesday, in another parting shot at trading partners that could complicate matters for US President-elect Joe Biden’s incoming team. In a long-overdue report, the US Treasury also added India, Thailand and Taiwan to a list of countries it says may be deli...