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U.S. Tags Switzerland Currency Manipulator, Keeps China on Watch Bloomberg 12/17/2020 Saleha Mohsin and Liz Capo McCormick (Bloomberg) The U.S. Treasury Department designated Switzerland and Vietnam as currency manipulators for the first time, while keeping China on a watch list, in the Trump administration’s final foreign-exchange policy report. Having removed the manipulator label from China in January, the Treasury urged the world’s second-largest economy to “improve transparency” in its currency management, especially of its central bank’s relationship with state-owned banks which market participants say can act in the currency market with official guidance. The manipulator designation has no specific or immediate consequence, beyond short-term market impacts. But the law requires the administration to engage with the countries to address the perceived exchange-rate imbalance. Penalties, including exclusion from U.S. government contracts, co

United statesRepublic ofJanet yellenBilal hafeezSteve englanderSteven mnuchinPeter boockvarInternational monetary fundSwiss national bankUs treasury departmentBleakley advisory groupNomura holdings incInvestment corpCommerce departmentStandard chartered bankSecretary steven mnuchin