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Interview: Economists criticize U.S. Treasury's methodology in labelling Switzerland as "currency manipulator"
GENEVE, Dec. 20 (Xinhua) -- Three economists told Xinhua that they strongly disagree with the methodology used by the U.S. Treasury to label Switzerland as a "currency manipulator."
JAKARTA: Central banks in Indonesia and the Philippines held their benchmark interest rates steady and pledged to keep policy accommodative as their economies struggle with the worst virus outbreaks in South-East Asia.
BENGALURU: The Thai baht jumped to a more than seven-year high and breached a major resistance level on Thursday, as investors bet the country's inclusion on a U.S. currency watch list might weaken the central bank's determination to slow the currency's gains.
TAIPEI (Reuters):Taiwan hopes to cut its trade surplus with the United States to address US. concerns about the Taiwan dollar's exchange rate, the island's central bank said on Thursday (Dec 17).
WASHINGTON Reuters): he Trump administration labeled Switzerland and Vietnam currency manipulators on Wednesday (Dec 16) in another parting shot at trading partners that could complicate matters for US President-elect Joe Biden's incoming team.
LONDON: The threat of being named a currency manipulator by the US Treasury may be an embarrassment for Switzerland, but even if the country does get the tag, it likely will have little effect on the Swiss National Bank’s (SNB) monetary policy.
WASHINGTON, Dec. 16 (Xinhua) -- The U.S. government on Wednesday labeled Vietnam and Switzerland as currency manipulators, a move that is likely to increase trade tensions with the countries.
TOKYO, Dec. 16 (Xinhua) -- Japan's exports dropped from a year earlier in November for a 24th successive month, marking the longest decline since record keeping began, owing to the continued sluggish demand from overseas amid the pandemic, the government said in a report on Wednesday.
WASHINGTON: The U.S. Treasury could label several countries currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens U.S. deficits with trading partners.