US Treasury says no major trading partners met criteria for currency manipulation

<ul><li>China, Germany, Malaysia, Singapore, Taiwan, Vietnam on monitoring list</li><li>Vietnam added back to the list after current account surplus exceeded threshold</li><li>Switzerland and South Korea removed from monitoring list</li><li>China remains on monitoring list due to lack of transparency around exchange rate policy and large surplus with US</li><li>Estimates that intervention to strengthen yuan was not strong enough to exceed criteria during monitoring period</li></ul><p>I have long maintained that if Switzerland wasn't named a manipulator during the period when it was openly manipulating EUR/CHF at 1.20, then no one will be.</p>

This article was written by Adam Button at www.forexlive.com.