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Switzerland, Vietnam labeled as currency manipulators by US Treasury

( December 16, 2020, 14:55 GMT | Official Statement) -- MLex Summary: Switzerland and Vietnam have been flagged as currency manipulators by the US Treasury Department. "For each country, Treasury assessed, based on a range of evidence and circumstances, that at least part of its exchange rate management over the four quarters through June 2020, and particularly foreign exchange intervention, was for purposes of preventing effective balance of payments adjustments and, in the case of Vietnam, for gaining unfair competitive advantage in international trade as well," Treasury said.Statement and document follow below:...

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