China escapes the U.S. currency manipulation label
WASHINGTON - The US Treasury has not labelled any country a currency manipulator in its latest semi-annual report. But despite China only meeting one of the three required criteria, it remains in the monitoring list alongside Japan, South Korea, Taiwan, Germany and Switzerland.
ANZ Bank reports that there has been no change in the criteria used by the US Treasury, though the threshold for persistent FX intervention has been expanded.
“The list of major trading partners that the US Treasury assesses has not been expanded from the top 12,” ANZ says. “Therefore, Thailand, which meets two of the three criteria, has been spared from the monitoring list.” www.live.anz.com (ATI).