US Treasury report concludes no country is manipulating its currency

• Places 12 countries on 'monitoring list' for currency and macro policies
• List includes: China, Japan, South Korea, Germany, Italy, India, Malaysia, Singapore, Taiwan and Mexico
• Says Switzerland exceeded US manipulator thresholds in 2021 but US refrains from branding it a currency manipulator
• Senior US official says having good discussions with Swiss authorities and they face some unique challenges, including occasional safe haven Safe Haven Safe haven is a term for financial assets that investors turn to in order to better protect themselves, or sometimes even profit from during market turmoil. Safe haven assets most commonly are considered government securities in the United States, the US dollar, precious metals such as gold or silver, low-yielding stocks, or cash, among others. These assets are the most likely destination in times of political or economic crises, or unstable market conditions. Investors who prefer these types o Safe haven is a term for financial assets that investors turn to in order to better protect themselves, or sometimes even profit from during market turmoil. Safe haven assets most commonly are considered government securities in the United States, the US dollar, precious metals such as gold or silver, low-yielding stocks, or cash, among others. These assets are the most likely destination in times of political or economic crises, or unstable market conditions. Investors who prefer these types o Read this Term flows
• Treasury continues to have significant concerns about China's economic practices and lack of transparency regarding FX mechanisms and intervention

This report sometimes gets a lot of attention but it's never been used to punish a country. In my eyes, the report is a joke.