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Thursday, December 17, 2020, 23:11 GMT+7 A customer counts U.S. dollar bills at a bank in Vietnam. Photo: Tuoi Tre Vietnam on Thursday denied gaining “unfair competitive advantage in international trade” with its exchange rate management after the U.S. Department of the Treasury labeled the Southeast Asian country as a currency manipulator. The U.S. Treasury on Wednesday delivered to Congress the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, naming ten economies including China, Japan, South Korea, Germany, Italy, Singapor...

US adds India to Currency Manipulation Watchlist after removing it in 2019 India Published: Thursday, December 17, 2020, 13:30 [IST] New Delhi, Dec 17: The US on Wednesday added India to the 'monitoring list' of currency manipulating countries that includes major trading partners like China and six others. Representational Image The other countries on the monitoring list are Japan, South Korea, Germany, Italy, Singapore and Malaysia. Ireland has been removed from the Monitoring List, the US Department of Treasury said in its report 'Macroeconomic and Foreign Exchange Policies of Major Trading...

RBI’s dollar mopping spree could slow down as US puts India on currency watchlist The US treasury has placed India under the currency manipulator watchlist. It says India intervened in the FX market in a sustained, asymmetric manner. Manojit Saha 17 December, 2020 11:51 am IST Text Size: A+ Mumbai: The US treasury department’s move to place India under the currency manipulator watchlist is likely to create additional headwinds for the Reserve Bank of India (RBI) to shore up the country’s foreign exchange reserves, and also halt the rupee’...

Ringgit ends higher against US Dollar for third consecutive day 17 Dec 2020 / 19:25 H. Pix for representational purpose only. KUALA LUMPUR: The ringgit ended higher against the US dollar for the third consecutive day; riding on the easing of domestic political risks after the budget has been passed, higher oil prices and the United States (US) Federal Reserves’ decision to keep the interest rate unchanged at 0.25 per cent. At 6 pm, the ringgit closed at 4.0320/0370 versus the greenback, compared with 4.0490/0540 at the close on Wednesday. Axi chief global market strategist Stephen Inne...

Ireland removed from US Treasury's monitoring list Updated / Wednesday, 16 Dec 2020 14:45 Ireland has been removed from a US Treasury Department's economic and currency monitoring list.  The list consists of countries that the department has deemed require close attention in relation to their currency practices and macroeconomic policies.  The Treasury has established three criteria for a country to be included on the list.  Ireland was added in May 2019 as it met two of these, including the size of its trade surplus with the US and its current account surplus.  However, in the latest up...