The US Treasury Department named China, Japan, Korea, Taiwan, and Germany to a forex manipulation monitoring list, ForexLive reports.
The Treasury laid out three criteria for manipulation: a current account surplus that is larger than 3.0% of that economy's GDP, economy is engaged in persistent one-sided intervention in the FX market amounting to more than 2% of GDP in the past year and a significant trade surplus with the US.
The US Treasury concluded "that no major trading partner of the United States met the standard of manipulating the rate of exchange between its currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage."
