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Currencies

US set to brand Taiwan as currency manipulator even as ties warm

Despite trade and tech tensions, China is expected to be spared from list

U.S Treasury Secretary Janet Yellen, left, and Taiwanese President Tsai Ing-wen. Washington is set to label Taiwan as a currency manipulator in an upcoming report. (Source photos by AP and Reuters) 

NEW YORK -- Growing U.S. support for Taiwan as part of a geopolitical battle with China is not deterring Washington from branding the island as currency manipulator.

Taiwan's addition to the U.S. Treasury Department's list of manipulators in its semi-annual foreign exchange report, expected to be published on Thursday, "appears to be consensus now," according to Francesco Pesole, a forex strategist with Dutch financial services firm ING Group.

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