Reported 8 months ago
On June 21, 2024, the US Treasury Department released its semi-annual report on exchange rate policies, not designating any trading partners as currency manipulators but continuing to place China, Germany, Malaysia, Singapore, Vietnam, and Taiwan on the watchlist, with Japan newly added. Taiwan was flagged for maintaining a trade surplus of $48.1 billion with the US and a current account surplus-to-GDP ratio of 13.9%. The Central Bank stated that Taiwan's exchange rate policy aligns with the three review standards outlined by the US Treasury Department but will consider the recommendations for cautious policy measures, monitoring non-bank financial sector risks, and limiting foreign exchange interventions to reflect economic fundamentals.
Source: YAHOO