U.S. Treasury to Intensify Scrutiny of Global Forex Practices

The U.S. Treasury announced on Thursday its intention to enhance scrutiny of foreign exchange activities worldwide, focusing on efforts to prevent national currencies from depreciating against the U.S. dollar. According to Jin10, the Treasury's latest semi-annual currency report did not accuse any major trading partners of currency manipulation. The report highlighted that no major trading partner met all three criteria for enhanced analysis of currency trading practices in the second half of 2024 and the first half of 2025. Thailand has been added to the Treasury's monitoring list due to its growing global current account surplus and trade surplus with the United States. With the inclusion of Thailand, the list now comprises ten economies, including Japan, South Korea, Vietnam, Ireland, and Switzerland, which remain under observation.