The U.S. Treasury Department says it has once again put Japan on a list of major trading partners that it monitors for potentially unfair foreign exchange practices.
  • queermunist she/her@lemmy.ml
    915·
    5 months ago

    This is such a stupid concept.

    Every nation with currency sovereignty manipulates its currency. The Federal Reserve itself is constantly going on about the things it’s doing to change the value of the dollar and trying to address trade deficits! Yet if someone else does it it’s “unfair”

    Also, how the fuck is Germany on the list? They’re on the Euro! They can’t even control their own currency! What manipulation?

    This is literally just a list of countries that are doing well and America is mad about it.

    • HumanPenguin@feddit.ukEnglish
      9·
      5 months ago

      Every nation with currency sovereignty manipulates its currency.

      Add to that. Citizens / voters blame politicians when a currency is low relative to others. While those same politicians claim responsibility for improvements.

      Including US ones.

  • mlg@lemmy.worldEnglish
    2·
    5 months ago

    Ah must be another thing like the FATF

    A fake ass snake oil group used by Washington to push its agenda, and not actually cut off money laundering or terrorism funding.