Treasury semi-annual currency report says no major US trading partners manipulated FX | Forexlive

• China, South Korea, Germany, Malaysia, Singapore, Switzerland and Taiwan remain on the list
• Japan was removed from the list
• Switzerland exceeded just one of three thresholds in four quarters through Dec 2022
• Reiterates call for increased FX transparency from China
• A number of countries had shifted to position of selling forex reserves to limit declines against strong dollar in 2022
• Does not believe China was intervening extensively to exceed net forex purchases threshold

This report is a charade. If Switzerland wasn’t nailed for openly manipulating for years, no one will be.

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• Source: https://www.forexlive.com/news/treasury-semi-annual-currency-report-says-no-major-us-trading-partners-manipulated-fx-20230616/