The US Treasury has included South Korea in its list of countries to monitor for foreign-exchange practices, joining Japan and Germany. This action highlights concerns about how major economies manage their currencies.
The Treasury's report, released on Thursday, emphasizes the importance of transparency in currency management and criticizes China for its lack of clarity in this area. The report also states that no major US trading partner has manipulated exchange rates with the US dollar to gain an unfair advantage or prevent balance of payments adjustments. This assessment reflects the US government's ongoing scrutiny of foreign-exchange practices and its commitment to fair trade conditions.