SINGAPORE (May 29): The US Treasury added Singapore, Malaysia and Vietnam to a watchlist for currency manipulation, putting their foreign-exchange policies under scrutiny.

Singapore made the list because of its large current account surplus and net foreign currency purchases of at least US$17 billion ($23.48 billion) in 2018, equivalent to 4.6% of GDP, according to the Treasury.

Malaysia was cited for its bilateral trade surplus with the US of US$27 billion last year and its current account surplus of 2.1% of GDP. Vietnam was highlighted for its large current account and bilateral trade surpluses.

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