Thursday 6 May 2021
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scmp - 20 days ago

US Treasury’s new list of currency manipulators does not include China

The United States did not designate China as a currency manipulator on Friday, as the Treasury Department released its first foreign exchange report of President Joe Biden’s administration. China remained on the watch list over its currency practices. The report, which is typically issued twice a year, said: “China’s failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism and the activities of state-owned banks warrant…


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