The Treasury Department reported yesterday that no countries currently meet the definition of currency manipulation, but Japan has been returned to the list of countries to watch.
In its semi-annual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, Treasury concluded that no major US trading partner manipulated the rate of exchange between its currency and the US dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade during the four quarters through December 2023.
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