US Treasury said in a statement that it "continues to urge China to take the necessary steps to avoid a persistently weak currency"WASHINGTON - The US Treasury again found that neither China nor any other trading partners was manipulating its currency, according to the semi-annual report released Tuesday. While the report said "direct intervention by the People's Bank of China in the last year has been limited," Treasury said in a statement that it "continues to urge China to take the necessary steps to avoid a persistently weak currency." Beginning with this report, the Treasury is assessing all US trading partners with annual trade surpluses in goods of more than $40 billion. With the new expanded list, Treasury put nine trading partners, including China, on the "monitoring list" of countries "that merit close attention to their currency practices." "Treasury takes seriously any potentially unfair currency practices, and Treasury is expanding the number of US trading partners it reviews to make currency practices fairer and more transparent," US Treasury Secretary Steven Mnuchin said in a statement.

Source: Bangkok Post May 28, 2019 23:03 UTC