Thailand avoids US ‘currency manipulator’ tag - News Summed Up

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Thailand avoids US ‘currency manipulator’ tag


Thailand avoids US ‘currency manipulator’ tagTourists queue at a foreign exchange counter. (Bangkok Post photo)SINGAPORE: Thailand was not included on the latest watch list of “currency manipulators” issued by the US Treasury. Thailand’s goods trade surplus with the US soared past the critical $20 billion mark in the 12 months through November, according to US Census Bureau data, while its current account surplus exceeds 2% of GDP. The Treasury found that Vietnam had violated only one of the three criteria in the latest report, down from two in May. Vietnam’s current account surplus weakened to below 2% of GDP


Source: Bangkok Post January 14, 2020 06:22 UTC



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