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Finance Ministry On US Treasury Currency Practices Report

MEXICO
  • Mexico's finance ministry said on Friday the country was placed on the U.S. Treasury Department's "Monitoring List" for currency practices due to a methodology effect derived from bilateral trade levels in 2020.
  • The ministry said in a statement that the effect was temporary, and the U.S.-Mexico trade balance would readjust as Mexico's economy recovers.
  • It added the Treasury report did not classify Mexico "as an economy that manipulates its exchange rate," so it could not be subject to U.S. sanctions.

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