Are major exporter countries to the United States really manipulating their currency to boost exports?

The Euro Area, China, Canada, Mexico and Japan together account for over 70% of U.S. trade. Have these countries (including the Euro Area group of countries) manipulated their currencies to boost exports? In this century (2000 onwards) the Chinese Yuan, the Canadian Dollar and the Euro have appreciated against the dollar. The Japanese Yen has been largely unchanged against the U.S. dollar since the start of this century and only the Mexican Peso has weakened against the dollar.

Here are some graphs,

Trade Weighted U.S. dollar Index,

Trade Weighted US Dollar Index

 

A chart covering the five major currencies (the Chinese Yuan, the Canadian Dollar, the Euro, the Mexican Peso and the Japanese Yen) against the dollar. Values under 100 means the currency has appreciated against the U.S. dollar and values over 100 means the currency has depreciated against the dollar,

US Dollar Performance against major trade currencies

 

Canadian Dollar (CAD)/USD performance,

CAD USD Performance

Chinese Yuan (CHY)/USD performance,

CHY USD Performance

Japanese Yen (JPY)/USD performance,

JPN USD long term performance

Mexican Peso (MXN)/USD performance,

MXN USD long term performance

Euro (EUR)/USD performance,

EUR USD long term performance

 

 

Related:

U.S. Trade Statistics for January to June 2018 – exports up 9.67% as imports up 8.66%, EU largest trade partner, China replaces Canada as second largest trade partner

All you wanted to know about US trade in 2017 and why China matters so much

14 very interesting things about U.S. trade and trade tariffs 

The U.S. only charged 1.65% in import tariffs in 2017

Average import tariffs or custom duties per country

The European Union (and not China or the United States) accounted for the most trade in goods and services combined together

 

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