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[QUOTE="TraderSmith, post: 193656, member: 42912"] [B]Forex Market News-U.S. trade chief voices concern to Vietnam over currency practices[/B] U.S. Trade Representative Katherine Tai, during a turn Thursday with Vietnam's minister of industry and trade, highlighted U.S. concerns about Vietnam's currency practices, a USTR statement said. Tai and therefore the Vietnamese minister Tran Tuan Anh also "discussed U.S. concerns on illegal timber practices, digital trade and agriculture," the statement said. The U.S. Department of the Treasury in December labeled Vietnam a "currency manipulator" thanks to its growing trade surplus with the United States, its large global accounting surplus and heavy exchange market intervention to carry down the worth of its dong currency. In January, the USTR released the results of its so-called Section 301 investigation into Vietnam's currency practices. It found Vietnam's actions to down the worth of its currency were "unreasonable" and restricted U.S. commerce, but it didn't take immediate action to impose punitive tariffs. [/QUOTE]
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