U.S. Treasury labels Switzerland, Vietnam as currency manipulators

[Beidou2020]

Yes because the Swiss offer something other can’t. Small country but very strong in trades and services, much like Singapore.
Everyone wants Rolex. Everyone wants holiday in Swiss.
We n topic it’s rediculous to brand Vietnam as manipulative. The Swiss buy one hundred billion USD per year to keep the currency down, while VN 20 or 30 billion USD per year.
If anything it’s chinese. They have 3 trillion USD in reserves.

Get mad

 

[Mista]

Yes because the Swiss offer something other can’t. Small country but very strong in trades and services, much like Singapore.
Everyone wants Rolex. Everyone wants holiday in Swiss.
We n topic it’s rediculous to brand Vietnam as manipulative. The Swiss buy one hundred billion USD per year to keep the currency down, while VN 20 or 30 billion USD per year.
If anything it’s chinese. They have 3 trillion USD in reserves.

I don't think we are as competitive as the Swiss yet.

If we go by nominal GDP/PPP GDP ratio, the SGD is kinda 'undervalued' while the Franc is 'overvalued'. And yet, they are still able to rack in huge current account surpluses.

But then again, we are situated in different regions. Switzerland is situated in the middle of a prosperous Europe, so they are able to remain competitive despite the higher price tag. Their neighbors will still import from them.

Singapore OTOH is in ASEAN with an abundance of cheap labor and is price-sensitive. We can easily price ourselves out of the market if we are not careful.

 

[KurtisBrian]

More likely because the Swiss think they own some USD. Knights of Curious St. Georgian the Monkey have a habit of hunting and killing money dragons who have hoards of stolen treasure.

 

[Viet]

I don't think we are as competitive as the Swiss yet.

If we go by nominal GDP/PPP GDP ratio, the SGD is kinda 'undervalued' while the Franc is 'overvalued'. And yet, they are still able to rack in huge current account surpluses.

But then again, we are situated in different regions. Switzerland is situated in the middle of a prosperous Europe, so they are able to remain competitive despite the higher price tag. Their neighbors will still import from them.

Singapore OTOH is in ASEAN with an abundance of cheap labor and is price-sensitive. We can easily price ourselves out of the market if we are not careful.

Yes and no. You have much easier than the Swiss. They are sandwiched, have much harder to compete against economic giants Germany, France and Italy.
If they try to compete with similar replaceable products then the Swiss have no chance.
They will end up like other as Poland, Hungary and other nameless countries.

 

[Tom99]

This is what happen when USA can bully countries that are weaker and not in a powerful group/block.

Now, USA will demand back-room concessions(economical, political and/or military) from these weaker countries to get their name removed from such list.

 

[Mista]

Yes and no. You have much easier than the Swiss. They are sandwiched, have much harder to compete against economic giants Germany, France and Italy.
If they try to compete with similar replaceable products then the Swiss have no chance.
They will end up like other as Poland, Hungary and other nameless countries.

I would rather have prosperous neighbors in a prosperous region. It's not a zero-sum game, I strongly believe prosper thy neighbor philosophy, and that has been Singapore's policy.

 

[Viet]

I would rather have prosperous neighbors in a prosperous region. It's not a zero-sum game, I strongly believe prosper thy neighbor philosophy, and that has been Singapore's policy.

You are humble. That’s a good spirit.
we all will be better off if big guys would think so. Unfortunately humans are deficient.

 

[Trango Towers]

America doesn't manipulate the dollar or the fed don't prop up the stock market

 

[TaiShang]

America doesn't manipulate the dollar or the fed don't prop up the stock market

US prints USD and exports inflation overseas. That's manipulation.

Trillions of Dollars stimulus money do not go to the pockets of regular people, but Wall Street bankers, ballooning their stock value.

That's manipulation.