China Did Not Manipulate Exchange Rate, US Treasury Again Confirms

China Did Not Manipulate Exchange Rate, US Treasury Again Confirms

Xu Wei

Date: Mon, 04/16/2018 - 12:09 / source:Yicai
China Did Not Manipulate Exchange Rate, US Treasury Again Confirms
China Did Not Manipulate Exchange Rate, US Treasury Again Confirms

(Yicai Global) April 16 -- The US Treasury has re-confirmed its findings that China has not manipulated its exchange rate, though it will continue to monitor the country’s exchange rate policy, along with other five countries.

China, Japan, Germany, Korea, Switzerland and new addition, India, will be subject to US monitoring despite findings that they did not manipulate rates in the US Report on International Economic and Exchange Rate Policies published last Friday.

The latest report marks the third time that the US has concluded that China has not been involved in exchange rate manipulation since Donald Trump took office.

Editor: William Clegg

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Keywords: US, CURRENCY MANIPULATOR, RMB, US Treasury