Over the four quarters through June 2020, four major US trading partners –Vietnam, Switzerland, India, and Singapore–intervened in the foreign exchange market in a sustained, asymmetric manner, it said.
NDTV
Date: December 16, 2020
This comes after the Reserve Bank of India stepped up purchases of foreign currency. (Representational)
It also branded Vietnam and Switzerland as currency manipulators.
Other countries in the monitoring list are Japan, South Korea, Germany, Italy, Singapore and Malaysia. Ireland has been removed from the Monitoring List, the US Department of Treasury said in its report 'Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States' submitted to the Congress on Wednesday.
Over the four quarters through June 2020, four major US trading partners –Vietnam, Switzerland, India, and Singapore–intervened in the foreign exchange market in a sustained, asymmetric manner, it said. [FULL STORY]
