On April 16, 2021, the U.S. Department of the Treasury released a Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.
In a December 2020 Report,the U.S. Department of the Treasury found that Switzerland and Vietnam practiced currency manipulation for the four quarters through June 2020. For the four quarters ending in 2020, based on initial enhanced engagements with Vietnam and Switzerland further analysis, and data, Treasury has determined that there is insufficient evidence to make a finding that either economy manipulates its exchange rate.
Treasury has also established a Monitoring List of major trading partners that merit close attention to their currency practices and macroeconomic policies. The Monitoring List comprises China, Japan, Korea, Germany, Ireland, Italy, India, Malaysia, Singapore, Thailand, and Mexico.
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