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Taiwan's trade surplus with America is considerably smaller than actually Washington estimates, as the economics minister told. Taiwan’s official hopes his country will be removed from the US Treasury's watch list of potential reportable currency manipulators.
The given issue has been discussed during some policy rate-setting gatherings by the major bank, and Taiwan’s officials explained to the USA that there’re differences in the way they calculated the numbers, as Minister of Economic Affairs Lee Chih-Kung informed Reuters.
Taiwan that last October was mentioned by the Treasury, arose again along with Japan, South Korea, China, Germany and Switzerland on the latest list issued the previous week.
The semi-annual American Treasury currency report has inspected the trading partners for the purpose of curbing what America labels as "unfair currency practices".
The previous week American customers filed the lowest number of requests for a mortgage since late 2014 due to the fact that the vast majority of home borrowing costs hit their highest value for more than seven years…
What trade signals the market is giving today? Brexit summit, FOMC meeting minutes and more!
In September, American industrial output rallied for a fourth month in a row, backed by profits in mining and manufacturing output, although momentum speeded down steeply in the third quarter…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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