For the United States, Switzerland no longer manipulates its currency

Spread the love

The news was in the air since the beginning of the week, it is half confirmed: Switzerland remains under surveillance of the United States for its policy on the foreign exchange markets. It continues to meet the three criteria defined by Washington, concludes the US Treasury on Friday in its report analyzing the exchange rate policies of its 20 main partners. Namely, a current account surplus exceeding 2% of GDP, a trade surplus of more than 20 billion dollars and interventions on its currency exceeding 2% of GDP over one year.

On this subject: Switzerland should remain on Washington’s blacklist