US Treasury keeps Taiwan on currency manipulation monitoring listStaff writer, with agenciesThe US Department of the Treasury yesterday kept Taiwan on its watch list of trade partners whose currency practices "merit close attention.”The department said it was strengthening scrutiny of countries' foreign-exchange practices, including their interventions to resist both depreciation and appreciation against the US dollar. A teller poses with US dollar and New Taiwan dollar banknotes at a bank in Taipei on Feb. 23, 2017. The addition brings the monitoring list to 10 economies, with Taiwan, China, Japan, South Korea, Singapore, Vietnam, Germany, Ireland and Switzerland remaining on the list. Despite this, the New Taiwan dollar appreciated 11.2 percent against the US dollar during the report period before partially retreating in the following months, it said. The department did not label China a currency manipulator, despite what it called "depreciation pressure" facing the yuan.
