Taiwan says it has never sought to use exchange rate for trade advantage

This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The U.S. Treasury has removed Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December. In it's semi-annual report to Congress on currency manipulation, the first under the Biden administration, the U.S. Treasury Department said Friday, April 16, 2021, that no country currently meets the U.S. criteria. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be placed under enhanced monitoring for their recent actions. - AP

TAIPEI, April 18 (Reuters): Taiwan has never sought to use foreign exchange rates to gain an unfair trade advantage, the central bank said on Sunday, after the U.S. Treasury said Taiwan tripped thresholds for possible currency manipulation under a 2015 US trade law.

The U.S. Treasury Department on Friday refrained from formally labelling Taiwan, along with Switzerland and Vietnam, as manipulators, citing insufficient evidence under a separate law.