U.S. DESIGNATES SWITZERLAND AND VIETNAM AS CURRENCY MANIPULATORS

Highlights

• The U.S. Treasury Department labeled Switzerland and Vietnam as currency manipulators and has decided to keep China on a watch list

• As per the Treasury, Switzerland was judged to have intervened in the currency market by more than was necessary to address financial-market volatility at the beginning of the year

• Responding to the Treasury, the Swiss National Bank said “Switzerl....