Treasury report should not designate Swiss franc, Global Public Investor 2020, and more
THE WEEKEND REVIEW – OMFIF
Latest opinion and analysis from OMFIF around the world
27-31 July 2020, Vol.11 Ed.29
Next US Treasury report should not designate Swiss franc: Market speculation is heating up that the US Treasury, in its next foreign exchange report, may designate Switzerland as a currency manipulator. Treasury brought back the Swiss onto the monitoring list in January. Designating the franc amid the crisis could upset global financial stability. On balance, there may be room for Switzerland to allow the franc to appreciate. But the case for designating the country for currency manipulation isn’t convincing, writes Mark Sobel.