US Labels More Countries As Currency Manipulators, But Every Country Tries Doing It?

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by Jason Burack of Wall St For Main St

Last week the US Treasury labeled Switzerland and Vietnam as official currency manipulators.

But the truth is that every other government and central bank has at least attempted to do this at different periods of time, with differing degrees of success, for decades now.

The US Dollar Index (DXY) has been very weak for months not even rallying on news of another large ECB bond buying program. Many experts expected a Dollar rally on the ECB’s announcement but so far it has not happened and the DXY briefly dropped below 90 on Tuesday.

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