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Senior Economist at UOB Group Alvin Liew reviews the latest US FX Report for the month of April. Key Quotes “Under the Biden administration and US Tre

April 16, 2021 On April 16, the U.S. Treasury Department issued its semiannual  Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the first release during the Biden administration and under Secretary Yellen. In this latest “FX report,” Treasury declined to designate any country for currency “manipulation,” reversing its December 2020 designation of Switzerland and Vietnam. However, it concluded that Switzerland and Vietnam, as well as Taiwan, met three criteria to trigger “enhanced engagement” to “address underlyin...

US keeps 11 countries including India, China, Japan in currency practices monitoring list SECTIONS Last Updated: Apr 16, 2021, 09:31 PM IST Share Synopsis Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico. AFP All except Ireland and Mexico were covered in the December 2020 report, which was under the previous Trump administration. The United States on Friday placed 11 countries, including India, China, Japan, South Korea, Germany and Italy in the currency prac...

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 ...

India Among 11 Countries On US Currency Practices Monitoring List India Among 11 Countries On US Currency Practices Monitoring List Other countries named by the Department of Treasury in its quarterly report to Congress, the first under the Biden administration, are Ireland, Malaysia, Singapore, Thailand and Mexico. It said a many economies have conducted foreign exchange market intervention in one-sided manner. Washington: The United States on Friday placed 11 countries, including India, China, Japan, South Korea, Germany and Italy in the currency practices monitoring list. Other countr...