US brands Switzerland a ‘currency manipulator’

Treasury also accuses Vietnam of manipulating exchange rate to gain “unfair competitive advantage”

Photo of Swiss franc

The US has accused Switzerland and Vietnam of being “currency manipulators”, saying their foreign exchange interventions had prevented “effective balance of payments adjustments”.

In the case of Vietnam, the US Treasury also accused the authorities of managing the exchange rate “for gaining unfair competitive advantage”.

The action came in the final few days of the administration of Donald Trump. The outgoing president has used the Treasury’s exchange rate reports as a means of applying

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: