US Treasury Finds No Currency Manipulation for Trade Advantage in 2025
The US Treasury Department has concluded its 2025 analysis of foreign exchange practices of major trading partners and found that no country manipulated its currency to gain an unfair trade advantage. However, 10 trading partners, including Singapore, remain on a monitoring list for enhanced scrutiny of their currency practices. The analysis was conducted under the US Omnibus Trade and Competitiveness Act. The report indicates that while no outright manipulation was detected, the Treasury continues to closely watch certain economies for potential currency interventions that could affect trade balances. Singapore's inclusion on the monitoring list reflects ongoing US attention to its foreign exchange policies, though no punitive measures were recommended.
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