Here's Why Singapore Made It Onto the U.S. Currency Watchlist

Singapore made the U.S. Treasury’s watchlist for currency manipulation for the first time, throwing a spotlight on its exchange rate policies.

The U.S. uses three criteria to determine if a country is a currency manipulator: a current-account surplus of more than 2% of gross domestic product; a bilateral goods trade surplus with the U.S. of at least $20 billion; and intervention in the foreign-exchange market that exceeds at least 2% of GDP.