U.S. Department of the Treasury Strengthens Forex Oversight Now, Switzerland Remains Under Watch

Currently, the U.S. Department of the Treasury has announced an initiative to strengthen oversight of foreign exchange activities worldwide. The main focus of this policy is to prevent the depreciation of national currencies against the US dollar, reflecting the government’s commitment to protecting national economic interests in a dynamic global monetary landscape.

Expanded Currency Monitoring List: Who Is Included?

According to the latest semi-annual currency report from the Department of the Treasury, no major trading partners are formally accused of currency manipulation during the 2024-2025 evaluation period. However, assessments indicate that none of the major partners meet all three standard criteria for in-depth investigation into currency trading practices during the second half of 2024 and the first half of 2025.

Nevertheless, the monitoring list has expanded. Thailand was recently added to the watchlist due to its continuously rising global current account surplus and significant trade surplus with the United States. This decision demonstrates that the Department of the Treasury is taking a proactive approach in monitoring regional foreign exchange dynamics.

Switzerland in the Global Oversight System: Current Status

With Thailand added, the number of countries on the official monitoring list now reaches ten economies. Among this growing list, Switzerland remains one of the countries under ongoing surveillance. Other countries also included in the monitoring system at this time are Japan, South Korea, Vietnam, Ireland, and the United States.

Switzerland’s presence on this list indicates that although economic and monetary developments are dynamic, certain countries continue to be a focus of the U.S. Department of the Treasury to maintain global currency stability.