Comment: US Treasury diplomacy

In what has been billed as a key moment in American economic diplomacy, the US Treasury this week resisted temptation and political pressure by deciding not to formally accuse China of currency manipulation.

COMMENT BY CENTRALBANKNEWS

The bi-annual Report to Congress on International Economic and Foreign Exchange Rate Policies is required under the Omnibus Trade and Competitiveness (OTC) Act of 1988. Essentially, it provides the Treasury with the opportunity to identify currency manipulation with

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