July 9, 2020, 10:53


US Places 6 Nations With Large Trade Surpluses on Currency Watch List – Treasury

US Places 6 Nations With Large Trade Surpluses on Currency Watch List – Treasury

US Places 6 Nations With Large Trade Surpluses on Currency Watch List – TreasuryCC BY 2.0 / Roman Boed / The US Treasury DepartmentBusiness01:59 14.04.2018Get short URL3210

WASHINGTON (Sputnik) – Currency practices of six major US trading partners – China, Japan, Germany, South Korea, India and Switzerland – have been cited as potential currency manipulators, in part due to large trade surpluses with the United States, according to a semiannual report to Congress by the US Department of the Treasury.

“Treasury found that six major trading partners warrant placement on the ‘Monitoring List’ of major trading partners that merit close attention to their currency practices,” a press release summarizing the report stated on Friday.

India was placed on the list for the first time, while China, Germany, Japan, Korea and Switzerland were retained from previous reports, the release said.

No countries, including the six listed, met the legal requirement to be branded as “currency manipulators” under a 1988 law that requires twice-yearly reports to Congress on foreign-exchange practices, the release noted.

A deliberately undervalued currency can boost a country’s trade surplus by making exports cheap and imports expensive.

Sourse: sputniknews.com

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today07/08/2020
14℃

Thu
07/09/2020
sky is clear

  • sky is clear
  • HI/LO: 23/15
  • Clouds: 0%
  • Wind: 2.51 m/s
  • Wind Direction: W
  • Pressure: 1019hPa
  • Humidity: 30%

Fri
07/10/2020
few clouds

  • few clouds
  • HI/LO: 27/17
  • Clouds: 15%
  • Wind: 5.64 m/s
  • Wind Direction: SSW
  • Pressure: 1019hPa
  • Humidity: 52%

Sat
07/11/2020
light rain

  • light rain
  • HI/LO: 29/20
  • Clouds: 12%
  • Wind: 3.04 m/s
  • Wind Direction: SSW
  • Pressure: 1017hPa
  • Humidity: 48%

Sun
07/12/2020
moderate rain

  • moderate rain
  • HI/LO: 24/20
  • Clouds: 100%
  • Wind: 3.55 m/s
  • Wind Direction: SE
  • Pressure: 1008hPa
  • Humidity: 76%

Mon
07/13/2020
moderate rain

  • moderate rain
  • HI/LO: 21/16
  • Clouds: 91%
  • Wind: 5 m/s
  • Wind Direction: WSW
  • Pressure: 1003hPa
  • Humidity: 74%

Tue
07/14/2020
moderate rain

  • moderate rain
  • HI/LO: 19/14
  • Clouds: 100%
  • Wind: 7.19 m/s
  • Wind Direction: WNW
  • Pressure: 1008hPa
  • Humidity: 77%

Сторонняя реклама



Статьи
Статьи В
Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
Яндекс.Метрика