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The U.S. Treasury designated Switzerland and Vietnam as currency manipulators for the first time in its semiannual foreign-exchange report, while keeping China on a watch list. Treasury said both countries' interventions prevented balance-of-payments adjustments, and it accused Vietnam of seeking an unfair trade advantage.
The designation opens bilateral talks that could push Vietnam to buy more U.S. goods or loosen currency management. No direct feed or grain price impact is evident in the near term.
bloomberg.comSaleha Mohsin, Liz Capo McCormickDec 16, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
