Core Viewpoint - The Swiss National Bank (SNB) is prepared to intervene in the foreign exchange market to achieve its inflation targets, despite being recently placed on the U.S. currency manipulation watchlist [1] Group 1 - The SNB's readiness to intervene indicates a proactive approach to managing inflation [1] - The inclusion on the U.S. currency manipulation watchlist may influence the SNB's strategies and market perceptions [1]

Core Viewpoint - The U.S. Treasury has placed South Korea on its currency manipulation watchlist, citing significant trade surpluses and interventions in the foreign exchange market [1] Group 1: Economic Indicators - South Korea's current account surplus is 5.3% of GDP, an increase from 1.8% the previous year [1] - The trade surplus with the U.S. has risen from $14 billion to an estimated $55 billion in 2024 [1] Group 2: Government Actions - The South Korean government plans to intervene in the foreign exchange market in April and December 2024 to address excessive currency fluctuations [1] - A net sale of $11.2 billion in foreign exchange is projected for 2024, which represents 0.6% of GDP [1]