US adds South Korea to currency watchlist ...Middle East

Daily Sun - News
US adds South Korea to currency watchlist
source : Daily Sun ( Middle East ) () 37
WASHINGTON: The United States has added South Korea to its “monitoring list” of major trading partners whose currency practices call for closer attention, according to a Treasury Department report released Thursday.The semi-annual report looks into countries with large trade surpluses with respect to the United States that also actively intervene in foreign exchange markets to gain a competitive advantage.It concluded that no major US trading partner manipulated its exchange rate to prevent “effective balance of payments adjustments” or gain unfair competitive advantage in global trade in the four quarters through June 2024.Besides South Korea, other economies on the monitoring list were Chi

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