Let start with a decision by the U.S. Treasury Department to keep South Korea on a watch list for currency manipulation.<br />According to the department's report released on Tuesday, nine countries, including China, were on the monitoring list. <br />It means the U.S. will pay close attention to South Korea's currency practices and macroeconomic policies. <br />Countries that meet two of the three criteria are placed on the watch list. <br />Those criteria include...a trade surplus of at least 20-billion U.S. dollars with the U.S., a current account surplus that is at least 2-percent of GDP, and persistent intervention in foreign exchange markets.<br />The report says Seoul only met one criteria -- the current account surplus -- and emphasized it would remove South Korea from the watch list if this condition remains the same at the time of its next report. <br />
