Viet Nam remains off the US currency manipulation list and receives praise for the State Bank of Vietnam''s handling of monetary and foreign exchange policies.
China’s yuan (renminbi) has remained above the sensitive level of seven to the US currency for the last three days, hinting that trade friction between the US and China is entering a dangerous phase.
The dollar jumped yesterday to trade at the ceiling rate set by the
State Bank of Viet Nam for commercial banks while the US currency was
even stronger in unofficial trading.
