Search
 
News

Switzerland Meets Certain Criteria of Currency Manipulator

U.S. Treasury does not designate any trading partners as manipulators but will work with Switzerland to address FX disparities.

By Christopher Condon | June 13, 2022 at 04:50 PM

The U.S. Treasury Department refrained from designating any U.S. trading partner as a manipulator of its exchange rate to gain an unfair trade advantage, while warning that Switzerland met three criteria for designation.

“Treasury will continue its enhanced bilateral engagement with Switzerland, which commenced in early 2021, to discuss the Swiss authorities’ policy options to address the underlying causes of its external imbalances,” the department said Friday in a statement accompanying its semiannual report to Congress on macroeconomic and foreign exchange (FX) policies of major U.S. trading partners.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

U.S. Dollar Has Strong Start to 2023

U.S. Dollar Has Strong Start to 2023

Alice Gledhill |

Only the Japanese yen has proved stronger than the greenback among G-10 currencies so far this year, with the Norwegian krone, euro, and Swiss franc falling sharply.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.