U.S. Treasury Report: No Currency Manipulation Found in Major Trade Partners

The U.S. Treasury Department has published its semi-annual report to Congress examining the economic policies of major trade partners over the past four quarters, ending December 2024. This review represents approximately 78% of U.S. foreign goods and services trade and assessed these partners’ macroeconomic and currency exchange rate policies. The report concludes that none of the surveyed trading partners engaged in manipulating their currencies against the U.S. dollar during this period.