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Treasury also accuses Vietnam of manipulating the exchange rate to gain “unfair competitive advantage”. The US has accused Switzerland and Vietnam of being “currency manipulators”, saying their foreign exchange interventions had prevented “effective balance of payments adjustments”.
In the case of Vietnam, the US Treasury also accused the authorities of managing the exchange rate “for gaining unfair competitive advantage”. The action came in the final few days of the administration of Donald Trump.
Reprinted from fxmarkets, the copyright all reserved by the original author.
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