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Switzerland Will Meet U.S. Criteria for Currency Manipulation

  • SNB interventions to stem franc gains soared in 2020
  • U.S. has option not to label country a ‘currency manipulator’
Updated on

Switzerland’s foreign-exchange interventions to weaken the franc will be enough for the U.S. to qualify the country as a currency manipulator, though it has the option to hold back on the designation, according to people familiar with the matter.

Switzerland is likely to meet all three criteria when the U.S. Treasury updates its report on the currency practices of trading partners, said the people, who declined to be identified because the document hasn’t yet been published.