US EditionCurrency Watch: Key Nations Under U.S. Scrutiny in Latest Treasury Report
- The U.S. Treasury Department released its latest semi-annual currency report in 2024, continuing to place Taiwan on the currency watch list alongside eight other economies.
- Taiwan's inclusion results from meeting two of three criteria—trade surplus with the U.S. And current account surplus—while the central bank intervened to limit the Taiwan dollar's rapid rise in May.
- Taiwan increased its foreign exchange reserves by US$10.12 billion in May, reaching a new high of US$592.95 billion, while the Taiwan dollar surged 6.21 percent in early May despite central bank market intervention.
- The U.S. Treasury reported that in 2024, no major U.S. Trading partner was found to have interfered with its currency, although it issued a strong caution to China over its lack of transparency and added Ireland and Switzerland to the list of countries subject to increased monitoring because of their substantial trade surpluses.
- Taiwan’s continued placement on the watch list and aggressive central bank interventions suggest ongoing scrutiny, with economists worried about the next report potentially evaluating if interventions cross U.S. Treasury red lines.
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Taiwan forex policy aligned with U.S. Treasury guidance: Central bank - Focus Taiwan
Taipei, June 6 (CNA) The guidance the U.S. Treasury Department gave in its latest semi-annual currency report was consistent with Taiwan's foreign exchange policies, the Central Bank of the Republic of China (Taiwan) said Friday.
·Taiwan
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·Zürich, Switzerland
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