Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear.
WASHINGTON: Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear.
The Biden administration has sought to engage more constructively with trading partners and allies, and currency experts say that Yellen could veer from the aggressive approach applied by the Trump administration in the currency report, taking into account the trade and capital flow distortions of the coronavirus pandemic and reviewing the structure of the report.
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