The Treasury's April foreign exchange report should be interesting.
Thailand hasn't been included in past foreign exchange reports. Yet it is likely to meet all three of the criteria set out in the Bennet Amendment for a finding of "manipulation."
The world would be in a better place today if the ECB and BoJ had joined the Fed in quantitative easing early on. Their lag in easing contributed to the policy gap that led to the dollar's large 2014 appreciation.