Treasury FX report preview: Manipulation thresholds not breached despite USD decline
From the original
https://think.ing.com/articles/treasury-fx-report-preview-manipulation-thresholds-not-breached-despite-usd-decline/
Related speeches
4 itemsTreasury FX report preview: Manipulation thresholds not breached despite USD decline
The desk observes that the US Treasury's upcoming FX report is unlikely to label any country as a currency manipulator despite the recent depreciation of the USD. This aligns with the commentary from ING, which notes that none of the major trading partners breached the manipulation thresholds set by the Treasury. Notably, the focus remains on the Swiss National Bank as it appears to be cautious about interventions to stay compliant with US standards. With our internal targets for the EUR/USD at 1.1700 by March 2026, this report may also frame how traders reassess their positions ahead of the report's publication.