# Is Korea a currency manipulator? - The Korea Times

> The Korea Times reports that the Trump administration has pledged to combat currency devaluation and may label countries as currency manipulators. Treasury nominee Mnuchin did not rule out naming China, and South Korea could be listed as well.

- Date: 2017-01-26 · published 2017-01-26T12:00:00.000Z
- Category: policy · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/73218-is-korea-a-currency-manipulator-the-korea-times
- Commodities: [Korean Won (KRW per USD)](https://feedsoft.ai/c/USDKRW.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A manipulator designation could push currencies such as the won and yuan higher against the dollar, raising import costs for feed buyers in those markets.

## Read by commodity

- USDCNY: bearish ▼
- USDKRW: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-08-05 | [U.S. designates China as currency manipulator for first time in decades](https://feedsoft.ai/events/57796-u-s-designates-china-as-currency-manipulator-for-first-time-in-decades.md) | +1.8% | +3.1% |
| USDCNY | 2021-05-28 | [Chinese regulators vow to crack down on yuan exchange manipulation](https://feedsoft.ai/events/47315-chinese-regulators-vow-to-crack-down-on-yuan-exchange-manipulation.md) | +0.2% | +1.1% |
| USDCNY | 2017-01-09 | [Goldman Sachs Sees China Using Fixing to Strengthen Currency - Bloomberg](https://feedsoft.ai/events/10766-goldman-sachs-sees-china-using-fixing-to-strengthen-currency-bloomberg.md) | -0.3% | -0.5% |
| USDCNY | 2022-08-25 | [Dollar Vs. Yuan: China Acts to Prop up Faltering Currency With Strong Fix - Markets Insider](https://feedsoft.ai/events/40264-dollar-vs-yuan-china-acts-to-prop-up-faltering-currency-with-strong-fix-markets.md) | +0.5% | +3.2% |
| USDCNY | 2023-07-06 | [China's yuan firms as central bank pledges again to stabilize currency](https://feedsoft.ai/events/35262-china-s-yuan-firms-as-central-bank-pledges-again-to-stabilize-currency.md) | -1.1% | -0.8% |

## Sources

- koreatimes.co.kr: https://www.koreatimes.co.kr/economy/20170126/is-korea-a-currency-manipulator

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.