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U.S. to Vet More Trading Partners for Currency Manipulation

  • Treasury Department may label Vietnam a currency manipulator
  • India, South Korea expected to be removed from watch list
A customer counts dong bank notes prior to making a deposit in Hanoi, Vietnam.

Photographer: Justin Mott/Bloomberg

The Trump administration will expand the number of countries it scrutinizes for currency manipulation in an upcoming report, people familiar with the matter said, after lowering the bar for foreign governments to come under scrutiny.

Vietnam may be named a manipulator outright for artificially holding down the value of the dong, the people said, after meeting all three criteria the Treasury Department uses to test for currency interventions. Internal debate is continuing over the issue and the administration has asked Vietnam to disclose more information before it releases the report.