Treasury finds no currency manipulators, creates new monitoring criteria based on deficits

The Treasury Department has not found that any country meets its criteria for currency manipulation in a much-anticipated report that for the first time says any country that accounts for “a large and disproportionate share” of the U.S. trade deficit will be more closely monitored. The semi-annual currency report to Congress -- long awaited for a verdict on China that was rendered earlier this week by President Trump -- listed the same countries on its monitoring list as it did...