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Currency manipulation has a disproportionate effect on the secondary sector of the economy and lobbyists of the U.S. manufacturing sector have regularly referred to China as a currency manipulator. A 2013 analysis by Carlos D. Ramirez found that "an increase of one percentage point in the share of congressional district labor force in ...
Currency intervention, also known as foreign exchange market intervention or currency manipulation, is a monetary policy operation. It occurs when a government or central bank buys or sells foreign currency in exchange for its own domestic currency, generally with the intention of influencing the exchange rate and trade policy.
The currency report said Japan was kept on the monitoring list because of its $65 billion trade surplus with the U.S. during the review period as well as an increase in its global current account ...
The CFTC found that currency traders at the five banks coordinated their trading with traders at other banks in order to manipulate the foreign exchange benchmark rates, including the 16:00 WM/Reuters rates. Currency traders at the banks used private chatrooms to communicate and plan their attempts to manipulate the foreign exchange benchmark ...
Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this ...
[16] On August 6, 2019, the People's Bank of China issued a statement, refuting the U.S. Treasury's designation of China as a currency manipulator, claiming that Renminbi's depreciation was the result of "shifts in market dynamics and volatilities in global foreign exchange markets amid global economic developments and escalating trade frictions."
The country was designated a currency manipulator by the treasury department in August last year, as tensions between the two countries over trade reached new heights. The treasury had alleged ...
WASHINGTON (Reuters) -Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange ...