Thailand, Taiwan risk entering US watchlist for currency manipulation: UBSThailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group. Thailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group. Taiwan, which dropped off the US monitoring list in 2017, and Thailand now fulfill all three criteria, UBS’s analysis shows. “Thailand and Taiwan crossed the $20 billion trade surplus mark to make it to the list,” UBS strategists including Rohit Arora and Teck Quan Koh wrote in a July 21 report. About 75% of central banks have engaged in “persistent FX intervention,” the UBS report found.

Source: Bangkok Post July 22, 2020 06:00 UTC