Small font size A Larger text size A Largest text size A

US Treasury, Taiwan reaffirm pledges against currency manipulation

BY Reuters | ECONOMIC | 11/14/25 08:02 AM EST

WASHINGTON, Nov 14 (Reuters) - The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage.

In a joint statement issued by the U.S. Treasury, they said that there were cases where intervention in foreign exchange markets could be considered.

But this "should be reserved for combating excess volatility and disorderly movements in exchange rates, with the expectation that this tool would be considered equally appropriate for addressing excessively volatile or disorderly depreciation or appreciation." (Reporting by David Lawder and Doina Chiacu; Editing by Aidan Lewis)

More Fixed Income News

China's central bank buys gold for 13th consecutive month BY Reuters |ECONOMIC 12/06/25 10:56 PM EST
China, Macao upgrade currency swap to long-term standing swap deal BY Reuters |ECONOMIC 12/06/25 01:30 AM EST
Fed Policy Easing Expectations Help Push Gains in US Equity Indexes This Week BY MT Newswires |ECONOMIC 12/05/25 04:49 PM EST
Nasdaq Extends Advance, Wall Street Logs Weekly Gain Amid Rate Cut Optimism BY MT Newswires |ECONOMIC 12/05/25 04:47 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article