SINGAPORE (April 21): There was perhaps a sigh of relief in Hanoi and Berne as the US Treasury reversed the Trump administration’s decision to label both Vietnam and Switzerland as currency manipulators.

But while the Biden administration chose not to label any country as a currency manipulator this time, Thailand, Malaysia and Singapore remain on its watch list. 

Under US Treasury definitions, a currency manipulator is defined as a state with persistent, one-sided foreign exchange (forex) market interventions with net purchases of foreign currency conducted in six out of a 12-month review period and totalling 2% of gross domestic product (GDP) ... (click on link for full story on theedgesingapore.com).