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U.S. Scrutinizing Swiss Currency Practices
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wsj.comWASHINGTON—The Treasury Department is scrutinizing Switzerland’s currency practices, stepping up talks over the valuation of the Swiss franc while at the same time reporting progress in engagement with Taiwan and Vietnam over their foreign-exchange policies.
In a report, mandated twice a year by Congress, Treasury reviewed the foreign-exchange practices of major U.S. trade partners, with an eye toward ensuring that no nation was seeking to weaken its currency to gain an unfair trade advantage. It found that no country met the criteria of a currency manipulator.
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