The Biden Administration strongly opposes attempts by the United States’ trading partners to artificially manipulate currency values to gain unfair advantage over American workers. Treasury remains concerned by certain economies raising the scale and persistence of foreign exchange intervention to resist appreciation of their currencies in line with economic fundamentals.
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The Biden Administration strongly opposes attempts by the United States’ trading partners to artificially manipulate currency values to gain unfair advantage over American workers. Treasury remains concerned by certain economies raising the scale and persistence of foreign exchange intervention to resist appreciation of their currencies in line with economic fundamentals.