US Treasury, Taiwan reaffirm pledges against currency manipulation
Taiwan
WASHINGTON/TAIPEI :The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage. In a joint statement issued by the U.S. Treasury, they said that there were cases where intervention in foreign exchange markets could be considered. But this "should be reserved for combating excess volatility and
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