U.S. adds South Korea to monitoring list for currency practices, removes Malaysia.

The U.S. Treasury Department has added South Korea to its "monitoring list" of trading partners with significant trade surpluses and active currency intervention, while removing Malaysia. The list now includes China, Japan, Taiwan, Singapore, Vietnam, Germany, and South Korea. The report monitors countries for unfair trade advantages through currency practices but found no major trading partners manipulated their exchange rates in the past year.

November 15, 2024
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