- Quick background on the UST FX report – published twice a year and it provides a framework for the US to evaluate the currency practices of major trading partners.
- With the aim to actively to dismantle unfair barriers to trade and achieve fairer and more reciprocal trade with partners.
- Assuming no change in the UST criteria to label a country an FX manipulator, Thailand and Malaysia are likely to gain that status.
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Contributor
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Craig Chan
Global Head of EM Strategy
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Jordan Rochester
FX Strategist