US Treasury will release currency report on Wednesday

by : Forex News

WASHINGTON (Thomson Financial) - The US Treasury will release its semiannual foreign exchange report on Wednesday morning at 10am.The Semiannual Report on International Economic and Exchange Rate Policies is where Treasury either does or does not accuse foreign governments of manipulating their currency exchange rates. It has been controversial in the past for not designating China as a currency manipulator. Treasury is expected, as in the past, not to make such a designation. Both the Bush and Clinton administrations have used the threat of sanctions required by a designation to put pressure on the Chinese government to allow more flexibility in the yuan's rate against the dollar.