The latest US Treasury report reveals that no major trading partners manipulated their currencies in 2024. This marks the final report under President Biden’s administration, showing that no country met the criteria for "currency manipulation" during the past year.
The US Treasury’s report indicates that no signs of currency manipulation were found in 2024. The Treasury reviewed several countries’ foreign exchange policies but found no nation that met the criteria for increased scrutiny. This result contrasts with previous reports where countries like China were flagged for potential currency manipulation.
Although the Treasury did not label any country a currency manipulator, several remain under watch. China, Japan, South Korea, and others are still being monitored for their foreign exchange practices. Their policies will continue to be scrutinized in case any signs of currency manipulation emerge.
Countries that engage in currency manipulation often do so to gain an advantage in international trade. These practices can distort trade balances, which, in turn, can affect global economic relations. The US Treasury’s report highlights these potential disruptions and the need for ongoing monitoring of such activities.
With the Biden administration ending, the incoming Trump administration may take a different approach toward currency manipulation. Trump has previously expressed concerns about the strength of the US dollar, and his administration may focus more on addressing issues related to currency manipulation and foreign exchange practices worldwide.
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The US Treasury’s 2024 report finds no major trading partners engaged in currency manipulation. However, China, Japan,
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