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Vietnam, Taiwan exceed US Treasury currency thresholds, Thailand on monitoring list

Vietnam, Taiwan exceed US Treasury currency thresholds, Thailand on monitoring list

Thailand is still one of 12 countries on the US Treasury Department’s “Monitoring List” of major trading partners that merit close attention to their currency practices. (Bangkok Post photo)

Vietnam and Taiwan again exceeded the US Treasury’s thresholds for possible currency manipulation and enhanced analysis under a 2015 trade law, but the department on Friday refrained from formally branding them as manipulators.

Switzerland also narrowly escaped triggering all three manipulation criteria in the Treasury’s latest semi-annual currency report, thanks to revised, broader measurements for trade and current account surpluses and foreign exchange market interventions.

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