Vietnam seeks avoidance as currency manipulator in future
Saigon Investment, 06 May 2021
Professor Eswar Prasad at Cornell University believes that the US Treasury report this time includes more intensive analysis and shows a less overtly political approach than previous reports during the Trump Administration. However, to avoid being labeled as a currency manipulator again in the future, Vietnam needs to do much more concerning trade and currency issues, rather than just tackling short term problems.
Subjective decision Continue reading “Article: Vietnam seeks avoidance as currency manipulator in future”
Yellen Plans to Spare China From Currency Manipulator Label
Saleha Mohsin, 12 April 2021
Treasury Secretary Janet Yellen will decline to name China as a currency manipulator in her first semiannual foreign-exchange report, according to people familiar with the matter, a move that allows the U.S. to sidestep a fresh clash with Beijing.
The report, which is not yet finalized, is due on Thursday, although it is unclear when the department will release it. During the Trump era, the Treasury Department was accused of politicizing the report after it abruptly designated China a manipulator in mid-2019 outside its usual release schedule, only to lift the label five months later to win concessions in a trade deal. Continue reading “Article: Yellen Plans to Spare China From Currency Manipulator Label”