In recent days, forex news has issued an important announcement from the U.S. Department of the Treasury regarding increased oversight of foreign exchange trading activities worldwide. This move reflects the U.S. government’s determination to monitor and prevent efforts to manipulate currencies aimed at devaluing international currencies relative to the US dollar.
New Oversight Framework to Combat Currency Manipulation
The U.S. Department of the Treasury has announced a comprehensive monitoring policy in its semi-annual currency report. According to forex news from Jin10, this report does not designate any major trading partners as having engaged in currency manipulation. However, the department emphasized that no major trading economy meets all three criteria necessary to be classified as engaging in manipulation during the analysis period from late 2024 to early 2025.
These criteria are designed to identify countries that may be using large current account surpluses or accumulating significant trade surpluses with the United States as tools to create unfair competitive advantages in the foreign exchange market.
Expanded Watchlist: Thailand Joins Other Economies
The latest forex news indicates that Thailand has been added to the U.S. Treasury’s watchlist due to concerns over rising current account surpluses and trade surpluses with the United States. The addition of Thailand expands the watchlist to ten economies.
Other countries under close observation include Japan, South Korea, Vietnam, Ireland, and Switzerland. These nations continue to be closely monitored to ensure compliance with fair foreign exchange trading standards. This extended oversight demonstrates the U.S. Department of the Treasury’s commitment to maintaining global trade balance and preventing unhealthy currency manipulation in the forex market.
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Forex News: U.S. Department of the Treasury Enhances Global Foreign Exchange Practices Oversight
In recent days, forex news has issued an important announcement from the U.S. Department of the Treasury regarding increased oversight of foreign exchange trading activities worldwide. This move reflects the U.S. government’s determination to monitor and prevent efforts to manipulate currencies aimed at devaluing international currencies relative to the US dollar.
New Oversight Framework to Combat Currency Manipulation
The U.S. Department of the Treasury has announced a comprehensive monitoring policy in its semi-annual currency report. According to forex news from Jin10, this report does not designate any major trading partners as having engaged in currency manipulation. However, the department emphasized that no major trading economy meets all three criteria necessary to be classified as engaging in manipulation during the analysis period from late 2024 to early 2025.
These criteria are designed to identify countries that may be using large current account surpluses or accumulating significant trade surpluses with the United States as tools to create unfair competitive advantages in the foreign exchange market.
Expanded Watchlist: Thailand Joins Other Economies
The latest forex news indicates that Thailand has been added to the U.S. Treasury’s watchlist due to concerns over rising current account surpluses and trade surpluses with the United States. The addition of Thailand expands the watchlist to ten economies.
Other countries under close observation include Japan, South Korea, Vietnam, Ireland, and Switzerland. These nations continue to be closely monitored to ensure compliance with fair foreign exchange trading standards. This extended oversight demonstrates the U.S. Department of the Treasury’s commitment to maintaining global trade balance and preventing unhealthy currency manipulation in the forex market.