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MNI: The U.S- Tsy has released its semi-annual FX....>

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MNI: The U.S- Tsy has released its semi-annual FX report on the trading partners
of the U.S..
- The U.S. Tsy doesn't name China as an FX manipulator .
- Continues to urge China to take the necessary steps to avoid a persistently
weak currency. Notes that Treasury will continue its enhanced bilateral
engagement with China regarding exchange rate issues, given that the RMB has
fallen against the dollar by 8 percent over the last year in the context of an
extremely large and widening bilateral trade surplus.
- Lowers two thresholds it uses to assess where unfair currency practices or
imbalanced macro policies may be emerging.
- https://home.treasury.gov/system/files/206/2019-05-28-May-2019-FX-Report.pdf
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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